Market Update – Wall Street Records


Wall Street usually goes into a panic mode when a well known company
starts talking bankruptcy. Everybody that’s holding a share heads to the
back door at the same time. Again, a smart investor will watch the panic
and wait out the blood-bath.

You can find stocks in chapter 11 in all of the major financial newspapers.
They will have a symbol beside their listing that designates bankruptcy
status. There are also newsletters that follow companies in bankruptcy. A
bankruptcy stock should be researched just like any other stock.

Send off for the annual and quarterly reports. Look for large companies
that have sales in the $300-400 million dollar range. Stay away from
companies that have more debts to repay than they do sales. A situation
like that is very hard to overcome.

Stick with companies that were previously listed on the NYSE. The listing
requirements for trading on the NYSE are the most stringent of all of the
exchanges. A company with a past of trading on the NYSE is likely to be
much better known than stocks trading on the lesser exchanges.

Look for companies that have well known name brand product lines and
services. The product is more likely to continue to sell well even though
the company is having a hard time. This can make all the difference in
the world when it comes to the survival of the company.

I like to see new management come in and take over the operations of a
company in bankruptcy reorganization. The company has to be turned
around quickly so that it can pay it’s debts. If the old management failed
to make money in the past don’t think they’ll do any better in the future.

The new management has to be able to make the company show a profit.
It’s a simple concept. If the company fails to show a profit it’s not very
likely that it will survive to prosper again. I just can’t stress enough the
importance of having a good management team in place. It’s crucial.

A company files a reorganization plan after it goes into chapter 11. The
debtor and the creditors try to come to an agreement on how repayment
of debt will occur. If everyone agrees the reorganization will be confirmed.
Confirmation is positive sign. This news alone can raise share prices.

Penny Stock Gambles And The Koch Brothers

 

The Koch Brothers are well known for having capitalized on the pain of millions of innocent people thanks to their unquenchable thirst for greed.   Of one of the more famous that the Koch Brothers participated in was a penny stock scheme by them in accordance with Jordan Belfort, AKA The Wolf Of WallStreet.  These guys were actually hitting the phones together while smoking all sorts of narcotics and getting rich by duping innocent people into purchasing penny stocks from a shady stock broker based somewhere in the Bronx. A list of more information on the Koch Brothers Penny Stock Schemes is Here.

If memory serves us correctly, then one night when Belfort and the Koch Brothers were having a little fun in Belfort’s Ferrari.  Thanks to robbing people blind for over 16m$ in a day these guys were going nuts, running over peoples lawn ornaments, bushes, and even someones pet rabbit.  The Koch Brothers never did a minutes time in jail because of this, meanwhile Belfort did.  Typical for the Koch Brothers to get away with finance fraud.

If you are considering buying penny stocks then we advise you to choose ethical companies with good financial standards.  Our personal favorite is Penny Stocks, they provide the buyer with the most up to date information on all forms of investing so that you get the most out of your dollar.  More information is available at our movement page.