Bankrupt and Distressed (BAD) Research and Due Diligence

[uhlmant]

You are hitting the nail on the head with regards to aurora and woodlands. I want to know who will end up owning those banks?

Alvarez & Marsal Inc., the turnaround firm winding down Lehman, recently pegged Aurora's value at $642 million. Woodlands, previously valued at $645 million, could be worth even more to creditors.


Why would it be worth more to creditors? Who would get the proceeds of any sale of those banks.

A Billion represents a SIGNIFICANT recovery to preferred shares

In my opinion only the preferred and common shares were considered equity owners of LBHI. Not sure how C/Ts would fit in since they are a creditor.