Junked Gems

Gage, Jack
June 2009
Forbes Asia;6/8/2009, Vol. 5 Issue 10, p41
The article discusses the possibility of increase in the share prices of firms that had taken junk loans, when the credit market recovers. It is stated that with improvement in the market, borrowers complying with loan covenants will outperform in the market. As cited, banks are less likely to push struggling borrowers into bankruptcy as it can make the reemergence process difficult and expensive. A chart is presented that lists firms including NRG Energy Inc. whose share price may increase.


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