Goldman Sachs held an earnings conference call early this morning which was live-blogged by the New York Times‘ columnist Floyd Norris. Good, ’cause I had some Cookie Crisp cereal to eat right around that time. Congrat’s on your $5 billion capital raise, but I gots to feed the machine. There were two notable things on…
Distressed Assets
The Distressed Asset Sweepstakes Begins
Here are a pair of encouraging signs of the thaw… From Forbes: Carl Icahn knows a good deal when he sees one. Following months of anticipation, the billionaire and activist investor made a $200.0 million offer to acquire the Tropicana Casino and Resort in Atlantic City on Tuesday…year-earlier bids for the struggling casino were closer to $1.0…
Johnny Upside: "I'm All About Distressed Assets, Yo!"
Today we bring you another interview with Johnny Upside (read the first one here). Johnny’s a Wall Street hotshot armed with an MBA, very little brain power and a limitless ego. Today, Johnny discusses his new venture, Distressed Asset Investing. The Reformed Broker: Hey Johnny, what’s happening? Johnny Upside: Happening? IT’S ALL HAPPENING, BABY! TRB:…
