Is too!!!! This is from Forbes. As read to the mournful sound of AC/DC's "Hells Bells"+1. The Sky Is Not Falling.
Investing 12/03/2014 @ 8:31AM 4,315 views
Distressed Debt: Chassix, Connacher, Guitar Center Join LCD's Restructuring Watchlist
Matthew Fuller , Contributor
Chassix, Connacher Oil and Gas, and Guitar Center Guitar Center this week joined LCD’s Restructuring Watchlist, which tracks companies with recent credit defaults or downgrades into junk territory, issuers with debt trading at deeply distressed levels, as well as those that have recently hired restructuring advisers or entered into creditor negotiations.
Guitar Center, a retailer of music products in the US, faces an uphill battle as comparable same-store sales are down and the company struggles to compete with online providers. A bond offering in March is part of a broad recapitalization effort. On Nov. 19, ahead of an earnings call, the company’s CEO resigned and a new CEO was appointed.
The aforementioned bonds inched up, but the distressed securities level lands the company on LCD’s Watchlist.
The complete and updated version of LCD’s Restructuring Watchlist is printed below.
– Matt Fuller
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