Moyer provides the insight, in-depth analysis and strategies necessary to invest successfully in the securities of financially distressed companies. This high-risk, high-reward $400 billion market is more for institutional investors and often trades in blocks of $1-$5 million....
|Title||:||Distressed Debt Analysis: Strategies for Speculative Investors|
|Number of Pages||:||448 Pages|
|Status||:||Available For Download|
|Last checked||:||21 Minutes ago!|
Distressed Debt Analysis: Strategies for Speculative Investors Reviews
This book is apparently a must read for distressed debt investors. After reading it I could see why. Its written in a way that a lot of beginners can understand. A lot of areas have been covered. So a great way to start learning on the subject.On the negatives the first is that its written from thr context of the US legal environment. The legal aspects of distressed investing will differ substantially across countries. The author also had to simplify a very complex subject in order for readers to understand easily. In reality capital structure arbitrage will be quite a bit more difficult than the examples described.
A high level overview of a complex segment of the market, but concisely presented into a number of key principles for the distressed investor. The analogy with the game of chess throughout the book, helps highlight the multiple facets, players and interests of the market and how strategy and due diligence can identify opportunities in the distressed market with high probability weighted chances of success. Definitely will use the book for reference in the future.
Very well written with great insight into how the legal structure of Chapter XI can influence financial decisions. High-level obviously but great way to get an intro to concepts such as fraudulent conveyance, automatic stay, executory contracts and cram-down.
Best book on distressed debt investing I know of
The text book on distressed debt analysis. I hand out a copy to all my analysts.