Burger, wings, and bar empire faces looming Chapter 11 bankruptcy [Yahoo! Finance]
FAT Brands Inc. - Class B (FATBB)
Company Research
Source: Yahoo! Finance
In many cases, if you took that debt away, the business itself would actually be successful. That's the argument FAT Brands CEO Andy Wiederhorn made on Jan. 12 at the ICR conference in Orlando. “We've been talking about restructuring this debt for 18 months to two years with our note holders,” Wiederhorn said, according to Nation's Restaurant News . “It has not been a very constructive negotiation…We're looking at avenues to lower the debt and make it practical. I wish I could say that this would go quickly and get resolved, but it may take a couple of rounds.” The company warned late last year that it might have to file for Chapter 11 bankruptcy after a key lender called its note. Wiederhorn's comments made it clear that the situation is more complicated than it appears on the surface. FAT Brands owns a number of big-name restaurant brands, including Johnny Rockets, Ponderosa Steakhouse, Great American Cookie, and the Twin Peaks restaurant concept, which is owned by a subsidi
Show less
Read more
Impact Snapshot
Event Time:
FATBB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FATBB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FATBB alerts
High impacting FAT Brands Inc. - Class B news events
Weekly update
A roundup of the hottest topics
FATBB
News
- FAT Brands pushed to the brink by legal storm and mounting debt [Yahoo! Finance]Yahoo! Finance
- FAT Brands CEO Andy Wiederhorn says $1.26 billion in debt is not guaranteed by parent company [Yahoo! Finance]Yahoo! Finance
- FAT Brands receives Nasdaq delisting notice after stock falls below $1 [Yahoo! Finance]Yahoo! Finance
- Twin Peaks appoints Andy Wiederhorn as CEO Following Kim Boerema's Exit [Yahoo! Finance]Yahoo! Finance
- Fatburger Owner Faces Allegations It Masked Liquidity Crunch [Yahoo! Finance]Yahoo! Finance