Archive

Consumer & Retail

Mar 1, 2024

•

4 min read

Ferrari Deep Dive

"I build engines and attach wheels to them"

Technical Lesson

A Simple Overview of FILO and FOLO Loans

Feb 23, 2024

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1 min read

A Simple Overview of FILO and FOLO Loans

Covering the advantages and disadvantages of both loan types and walking through a case study

Consumer & Retail

Feb 16, 2024

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5 min read

Tupperware: A Double Restructuring Tale

Focusing on the critical role that restructurings have played in giving this company multiple chances at a comeback

Consumer & Retail

Country Garden Holdings's Downward Spiral

Feb 9, 2024

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3 min read

Country Garden Holdings's Downward Spiral

Covering what was once China's largest homebuilder and analyzing how it has fueled China's real estate crisis

Consumer & Retail

Dollar General: A Distressed Retail Giant

Feb 2, 2024

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3 min read

Dollar General: A Distressed Retail Giant

“We do very good in good times, and we do fabulous in bad times” - Todd Vasos, Dollar General CEO

Consumer & Retail

Carvana, the Rise, the Fall, and the Bounce-Back

Jan 26, 2024

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5 min read

Carvana, the Rise, the Fall, and the Bounce-Back

The three companies that broke the F500 the fastest: Amazon, Google, and Carvana (?!)

Industrials

Jan 19, 2024

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4 min read

Boeing Deep Dive

Diving deep into what makes this company fly...as well as recent turbulence that may impact its long-term trajectory

In-Court

The Story of Judge Jones, the Judge who Made Restructuring Cool Again

Jan 12, 2024

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3 min read

The Story of Judge Jones, the Judge who Made Restructuring Cool Again

The famous and inspirational restructuring judge who was recently at the center of a scandal that led to his resignation

Tech, Media & Telecom

Lumen Technologies: Overview and Liability Management Update

Jan 5, 2024

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5 min read

Lumen Technologies: Overview and Liability Management Update

The riveting liability management exchange of Lumen Technologies, including contention over past sales and exchanges, deceptive credit documents, and more

Personal

Dec 29, 2023

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12 min read

2023 Pari Passu Year-End Letter

A ~fun~ post talking about our story, our progress over this year, some behind-the-scenes behind the page, and what the newsletter has in store for the future.

Consumer & Retail

Dec 22, 2023

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4 min read

Coca-Cola Deep Dive

"Invest in businesses that an idiot can run because one day an idiot will run them"

Technical Lesson

Dec 15, 2023

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2 min read

Bankruptcy Gifting

To solve the recovery disputes and the issues associated with valuations, creditors may utilize 'bankruptcy gifts.' These gifts can be broken into two categories: gift carve-outs in section 363 sales and gifting in chapter 11 plans.

Consumer & Retail

Dec 8, 2023

•

10 min read

WeWork Deep Dive

At its height in 2019, the company commanded a $47bn valuation and was dubbed the world’s most valuable unicorn (i.e., a private company worth more than $1bn). Four years later, WeWork filed for Ch. 11 bankruptcy with its founder-CEO ousted and a business model proven primarily to incinerate cash.

Other

How to be Great Hedge Fund Analyst and What Makes a Great Idea

Dec 1, 2023

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3 min read

How to be Great Hedge Fund Analyst and What Makes a Great Idea

Lesson from Alix Pasquet - Prime Macaya Capital Management

Consumer & Retail

Nov 24, 2023

•

5 min read

Pilgrim’s Pride Deep Dive

A Thanksgiving-focused lesson with elements of rapid growth, strategic expansion, and resilience

Learn More

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Ferrari Deep Dive

A Simple Overview of FILO and FOLO Loans

Tupperware: A Double Restructuring Tale

Country Garden Holdings's Downward Spiral

Dollar General: A Distressed Retail Giant

Carvana, the Rise, the Fall, and the Bounce-Back

Boeing Deep Dive

The Story of Judge Jones, the Judge who Made Restructuring Cool Again

Lumen Technologies: Overview and Liability Management Update

2023 Pari Passu Year-End Letter

Coca-Cola Deep Dive

Bankruptcy Gifting

WeWork Deep Dive

How to be Great Hedge Fund Analyst and What Makes a Great Idea

Pilgrim’s Pride Deep Dive

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