It’s time for another edition of Odds & Ends where we share some random articles and pieces that we have been reading… 1. Barron’s is bullish on ‘small-scale conglomerate’ Graham Holdings (GHC) and thinks it’s sorely undervalued on a sum of the parts basis. Although the stock is up about 17% from the date of publishing to ~$423,… Read More »
The saga surrounding California Resources Corporation (CRC) finally reached a conclusion last week with the company agreeing to a pre-arranged Chapter 11 package with its creditors. As we have previously reported, the company missed a few recent interest payments beginning the seemingly inevitable slide into bankruptcy. CRC negotiated a forbearance agreement (along with several extensions) while working the… Read More »
California Resources Corporation (CRC) skipped an interest payment last month and seems headed towards a Chapter 11 filing. In the meantime, the company made one interest payment late and then successfully bought a few more weeks of additional time by negotiating a forbearance agreement with its lenders. June 30th is now its next big deadline, but it seems… Read More »