July 25 (Reuters) – Shares of linerboard maker Smurfit-Stone, chemical company LyondellBasell Industries and ethanol producer Aventine Renewable are potential winners among companies emerging from bankruptcy, Barron’s reported in its July 26 edition.
The financial paper advised investors to avoid stocks of theme-park operator Six Flags, yellow-pages publisher Dex One, SuperMedia and cable-TV operator Charter Communications.
Shares of Lyondell, which cut its debt load to $7 billion from $25 billion in bankruptcy and emerged with $2 billion in cash, look appealing at current levels, down from when it came out of bankruptcy in April, the paper said.
“Smurfit-Stone offers an attractive play on the improving market for linerboard, used to make cardboard boxes. It also could benefit from industry consolidation,” the paper added. (Reporting by Dhanya Skariachan)
EURO GOVT-Bunds higher as periphery pressured, stocks fall
June 24 (Reuters) – Core German Bunds turned positive on Thursday as peripheral euro zone issuers remained under pressure and after cautious comments on the economy from the US Federal Reserve.
Bunds further extended gains as European equities .FTEU3 turned negative.
At 0727 GMT, September Bund futures FGBLc1 were 11 ticks higher at 128.73. Two-year German yields DE2YT=TWEB were 1.5 basis points lower at 0.582 percent, with ten-year yields DE10YT=TWEB down a similar amount at 2.632 percent.
European shares .FTEU3 reversed earlier gains to stand 0.24 percent lower on the day.
Peripheral yield spreads were steady in early trade, but held close to levels seen the previous session after a bout of widening.