The difficult part of this entry is the admission that we actually visited CNN Money, but we can't help but pass on the lunacy that is an article that find silver lining in a failed $11 billion hedge fund because it invested $32 million in wind power.
Last year, after Tontine purchased 49% of the company, Miscor did a 1-25 reverse split, sending its stock to the $5 range. By mid-January however, the stock had shot up to over $16, giving the fund a handsome 300% return on its money.
In short, the fund spent $32.5 million to acquire a commanding stake in a thinly-traded company that was worth about $98 million in under one year.
A collapsed hedge fund's overlooked wind wager [CNN Money Fortune Time Warner Kitchen Sink]