Rochelle on Vitro, LodgeNet, Statistics on Junk Defaults: Audio
Bondholders of Vitro SAB de CV (VITROA) won a skirmish with the Mexican glass maker when a New York State appellate court refused to enforce the company's Mexican reorganization plan, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle looks at LodgeNet Interactive Corp. (LNET), a non-bankrupt provider of television and internet access for the hotel industry, as an example for how new technology can render a company's business plan obsolete and unprofitable. For the last item on the podcast, Rochelle recites the latest statistics on junk-bond defaults as further evidence that major corporate bankruptcies won't spike this year.
Running time 11:07