Distressed Debt Analysis: Strategies for Speculative Investors

Book Description
Recently, reorganizations, restructurings, and bankruptcies have replaced IPOs as the common financial vehicle of the times. However, these distressed companies can still provide an avenue for profitable investing. This eagerly anticipated new reference helps guide you through this treacherous landscape in order to master the multi-move chess-like strategies required to achieve financially advantageous results for your portfolio. It is the most up-to-date and comprehensive book on the market to deal with the myriad of issues surrounding a distressed company.

Providing theoretical and practical insight, Distressed Debt Analysis: Strategies for Speculative Investors presents a conceptual, but not overly technical, outline of the financial and bankruptcy law context in which restructurings take place. The book covers the broader financial environment of the reorganization and the basic process of investment analysis and investment strategies. The author uses numerous real-world examples and case studies to emphasize important concepts and critical issues.

The developments that have created these extraordinary investment opportunities have also created tremendous demand for professionals with experience and knowledge in the restructuring process. Distressed Debt Analysis: Strategies for Speculative Investors addresses the complete knowledge needs of investors and professionals in the burgeoning world of financially distressed companies. It is perfect for bankruptcy departments of law firms, restructuring advisory groups, turnaround consulting firms, and reorganization and distressed securities departments of investment banks.


About the Author
Stephen Moyer is currently Director of Research at Imperial Capital, a boutique investment bank located in Beverly Hills, California, which focuses on high yield, bank and convertible debt, typically involving companies in financial distress. Steve has over 15 years of industry experience and has particular expertise with financial institutions as well as the credit-intensive areas of asset- and mortgage-backed securities.


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Writing for financial analysts, portfolio managers, distressed-debt trading desks, and bankruptcy lawyers, Moyer, director of research for an investment bank, explains techniques for investing in the securities of financially distressed companies, using chess strategy as an analogy for investment. He begins by describing the scope and nature of the distressed debt market, then tells how to recognize financially distressed companies, looks at legal issues, and examines practical aspects of distressed debt investment. Annotation ©2004 Book News, Inc., Portland, OR


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