Horizon Lines’ empty bankruptcy threat brings US DoJ to its knees; victorious hedge funds rejoice
“The DoJ blinked,” said the hedge fund analyst. “They didn’t need to, but that’s what happened. The bondholders didn’t really want a filing because their recovery could have been 30 to 40 cents, but the company used the slight chance of bankruptcy as leverage.”
one more thing "invest2win" did you know who is that guy???
Here is a Hedge Fund Manager, he did an excellent job!! he wrote every bad thing around HRZ to make almost every retail investor with almost zero knowledge about this industry nervous,panic and sell. FIrst rule of investment or trading "know what you buy and sell" and it doesn't matter if your short or not as long as you know how to profit. That guy is smart and he know how to play the market.