Against this background, the
vulture investor attempts to make a profit by speculating in the distressed debt of a sovereign issuer.
Comparing the performances in post-bankruptcy to pre-bankruptcy levels, bankrupt firms with hedge fund involvement tend to be in better shape than those without any
vulture investor involvement.
The ratio of direct costs to assets for traditional Chapter 11 is lower for larger and less solvent firms, if a
vulture investor holds a 5% or larger stake in the reorganized firm, and if the firm is an HLT.
Mustering all his powers of rhetoric, Icahn called the move "unconscionable." Reaching still further, he termed it "reprehensible." In response, Perelman, who disdains conversing with workingclass journalists, nonetheless saw to it that an unnamed spokesman for an unnamed aide labeled Icahn's accusations "slightly disingenuous" and called Icahn a "
vulture investor."
Another website, the 'Wilbur Ross Resource Page', dubs Ross a "renowned
vulture investor" and a "bank eater."
You might have received a letter from a
vulture investor back in 1988, with a $.05 bid for your claim against LTV Corporation.
The dot-com may also have a
vulture investor that owns options that trigger negative covenants.
With the help of the country's elected government these '
vulture investors' come to be in total control of this parasitic endeavour.
OffrBox.com was inspired to leverage their technology and network to help these flood victims after seeing
vulture investors target homeowners during this difficult time.
The situation is similar to
vulture investors who bought Argentina's discounted debt and tried to force repayment.
But so-called
vulture investors saw an opportunity to make even larger profits.
One source said MLB is holding up trading in the loans because of concerns that
vulture investors will snap up the debt and force the team into bankruptcy -- just like they did last year to the Texas Rangers.
