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This profile was last updated on 9/15/13  and contains information from public web pages and contributions from the ZoomInfo community.

Kip D. Penniman Jr.

Wrong Kip D. Penniman Jr.?

Analyst

Email: k***@***.com
KDP Investment Advisors
24 Elm Street
Montpelier, Vermont 05602
United States

Company Description: KDP Investment Advisors, Inc., is a leading independent organization analyzing the high yield market. KDP provides Buy/Sell/Hold recommendations on the debt...   more
Background

Employment History

Education

  • B.A.
    University of Colorado
79 Total References
Web References
KDP Asset Management Company
www.kdpam.com, 15 Sept 2013 [cached]
Kip D. Penniman, Jr., CFA
...
Kip D. Penniman, Jr., CFA
Kip D. Penniman, Jr., CFA, Vice President, Credit Analyst. Responsible for the analysis of high yield issues within the metals/mining, steel, and auto/auto related industries. Before joining KDP Investment Advisors, he spent five years as an Associate equity analyst with Brundage, Story & Rose, LLC Investment Council in New York City. He received a B.A. from the University of Colorado in Boulder.
"Simply stated, a highly leveraged ...
www.oregonlive.com, 4 Feb 2011 [cached]
"Simply stated, a highly leveraged balance sheet does not pair well with a deeply cyclical business," Kip Penniman Jr., of KDP Investment Advisors, said in a report on Evraz America's quiet attempt, which it abandoned, to raise $650 million in junk bonds.
...
Penniman, the KDP analyst, reviewed Evraz in light of the deal. He noted Evraz North America generated above-average steel-industry margins. He granted that Evraz's rail, oil, gas and infrastructure markets could be somewhat less cyclical than auto and construction. But, he wrote, the steel industry is, by its nature, deeply cyclical.
"In the past downturn in 2000-2001, numerous steelmakers collapsed under the weight of their debt loads," Penniman wrote. "Oregon Steel, now part of Evraz North America, was conservatively capitalized during that down cycle and survived as a result."
With $3 billion in debt, Penniman wrote, the company's capital structure "remains high risk.
Big Three Implode - General Motors Stories - G.M., Leaking Cash, Faces Bigger Chance of Bankruptcy
www.bigthreeimplode.com, 7 May 2009 [cached]
"The numbers are almost inconsequential," said Kip D. Penniman Jr., a credit analyst with KDP Investment Advisors.
...
"G.M. will never get anywhere close to 90 percent of the bondholders," Mr. Penniman said, adding that a determining factor on a G.M. bankruptcy might be how quickly Chrysler's case moved forward.
``Results were awful, as expected, ...
www.kfwb.com, 7 May 2009 [cached]
``Results were awful, as expected, however, GM's cash burn was even worse than we were expecting,'' said Kip Penniman, a corporate bonds analyst with KDP Investment Advisors in Montpelier, Vt., wrote in a note to investors.
The St. Louis-based company is hampered ...
www.dailymail.com, 21 May 2012 [cached]
The St. Louis-based company is hampered by the location of its mines, according to Kip Penniman, an analyst at KDP Investment Advisers Inc. in Montpelier, Vt.
"Patriot is small, they operate primarily in Central Appalachia, which is facing the greatest share loss to natural gas, they have a material retiree health care burden and sizable legacy liabilities related to their spinoff from Peabody Energy, they've reported losses and burned free cash flow for years," Penniman wrote in a May 18 email.
...
Postponement of the financing "does not change the asset value (coal in the ground) that the loan will be securitized by," Penniman wrote in the email.
...
The St. Louis-based company is hampered by the location of its mines, according to Kip Penniman, an analyst at KDP Investment Advisers Inc. in Montpelier, Vt. "Patriot is small, they operate primarily in Central Appalachia, which is facing the greatest share loss to natural gas, they have a material retiree health care burden and sizable legacy liabilities related to their spinoff from Peabody Energy, they've reported losses and burned free cash flow for years," Penniman wrote in a May 18 email.
...
Postponement of the financing "does not change the asset value (coal in the ground) that the loan will be securitized by," Penniman wrote in the email.
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