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8
DD214
@
2022 Dec 2, 4:32pm
Tenpoundbass says
Party City back in creditor talks amid cash crunch
Party City has reopened talks with creditors to address its liquidity needs, according to a Bloomberg report that cited anonymous sources.
The news service also noted that market prices for some of Party City’s bonds fell following its initial report of creditor talks.
Fitch and Moody’s have both downgraded Party City in recent months. In cutting the company’s credit rating, Fitch analysts pointed to a debt maturity next year as well as “rapid deterioration” in Party City’s operations and liquidity, and they called its capital structure “likely untenable.”
https://www.retaildive.com/news/party-city-creditor-talks-cash-crunch-bloomberg/637845/
I don't think this upswing is over yet.
Party City back in creditor talks amid cash crunch
Party City has reopened talks with creditors to address its liquidity needs, according to a Bloomberg report that cited anonymous sources.
The news service also noted that market prices for some of Party City’s bonds fell following its initial report of creditor talks.
Fitch and Moody’s have both downgraded Party City in recent months. In cutting the company’s credit rating, Fitch analysts pointed to a debt maturity next year as well as “rapid deterioration” in Party City’s operations and liquidity, and they called its capital structure “likely untenable.”
https://www.retaildive.com/news/party-city-creditor-talks-cash-crunch-bloomberg/637845/
9
Patrick
@
2022 Dec 2, 4:41pm
Patrick
@
2022 Dec 2, 4:41pm
Tenpoundbass says
Lol, it's hard to argue with winning, but it could just as easily have gone the other way. If you can afford to lose the money and it's just a game, then party on.
Where could you have made over 33% return in just a few days?
Lol, it's hard to argue with winning, but it could just as easily have gone the other way. If you can afford to lose the money and it's just a game, then party on.
10
DD214
@
2022 Dec 2, 4:45pm
Tenpoundbass says
Unless you are putting up serious money, the effort is not worth the risk.
Much like poker and similar to what Patrick stated if you can't afford to lose, you can't afford to win.
I love watching and owning stocks that have consistently delivered dividends, year after year for decades and often overlooked by people chasing quick money.
Where could you have made over 33% return in just a few days?
Unless you are putting up serious money, the effort is not worth the risk.
Much like poker and similar to what Patrick stated if you can't afford to lose, you can't afford to win.
I love watching and owning stocks that have consistently delivered dividends, year after year for decades and often overlooked by people chasing quick money.
11
Patrick
@
2022 Dec 2, 4:54pm
Patrick
@
2022 Dec 2, 4:54pm
DD214 says
Most of my stocks are like that.
I love watching and owning stocks that have consistently delivered dividends, year after year for decades and often overlooked by people chasing quick money.
Most of my stocks are like that.
12
AD
@
2022 Dec 2, 9:00pm
AD
@
2022 Dec 2, 9:00pm
DD214 says
What stocks do you own that pay dividends ?
,
I love watching and owning stocks that have consistently delivered dividends, year after year for decades and often overlooked by people chasing quick money.
What stocks do you own that pay dividends ?
,
13
DD214
@
2022 Dec 3, 11:03am
ad says
One and sometimes two Fortune 300 Industrial Gas Companies
One and sometimes two Canadian Banks
Two other Fortune 300 companies that produce tangible products that people use and need regardless of economic conditions.
Never more than 6 stocks total
Some resources:
https://www.dividend.com/
https://dividenddetective.com/
What stocks do you own that pay dividends ?
One and sometimes two Fortune 300 Industrial Gas Companies
One and sometimes two Canadian Banks
Two other Fortune 300 companies that produce tangible products that people use and need regardless of economic conditions.
Never more than 6 stocks total
Some resources:
https://www.dividend.com/
https://dividenddetective.com/
« First « Previous Comments 8 - 13 of 13 Search these comments
Those dips are always wild 30 points or more swings. I think it's more than a penny stock. Party City is a zombie brand, that seems like it isn't going anywhere. Just when you think they are down for the count, America goes on a binger, and boosts their next earnings report.