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 |  | Distressed Debt Analysis Strategies for Speculative Investors By Stephen G. Moyer
| Hardcover, 6 x 9, 448 Pages ISBN: 1-932159-18-5 November 2004
Retail Price $119.95 Direct-Response Price $99.95 Add to Cart | E-mail this page
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About the Item:
In the wake of last decade's equity bubble, corporate restructurings and bankruptcy reorganizations have provided investors with some of the most outstanding investment opportunities of the new decade. As a group, bonds of financially distressed companies have often been a top-performing asset class following periods of market correction. 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 financial analysts, portfolio managers, bankruptcy departments of law firms, restructuring advisory groups, turnaround consulting firms, and reorganization and distressed securities departments of investment banks. |
Key Features:
- Provides investment techniques to profit from reorganizations, restructurings, and bankruptcies, including appropriate hedging and exit strategies for either short- or long-term investment horizons
- Explains how to determine whether the investment objective is feasible given the capital structure of a target company and where in the capital structure to invest to achieve the investment goal
- Identifies when a restructuring can be accomplished outside of a bankruptcy process and the most effective strategies and techniques to effect such change
- Details the legal and financial due diligence issues that affect investment returns to appropriately identify and quantify the investment risks
- Illustrates basic investment strategies and analytical techniques with case studies and references to numerous real-world examples to emphasize important concepts and critical issues
- WAV offers a free downloadable due-diligence checklist, comprehensive glossary, and examples of big-boy letters, confidentiality agreements, reorganization plans and key covenant provisions — available from the Web Added Value™ Download Resource Center upon publication at www.jrosspub.com/wav
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About the Author(s):
Steve Moyer is currently a Director with Tennenbaum Capital Partners, a private investment and hedge fund complex with approximately $3.7 billion in capital. At Tennenbaum he focuses on analyzing and managing investments in firms in financial distress. Previously he was the Director of Research for Imperial Capital, a boutique investment bank with expertise in investments in distressed securities. He has over 15 years of investment analysis experience and is a frequent speaker at industry events. |
Table of Contents:
Introduction
The Distressed Debt Investment Opportunity
Conceptual Overview of Financial Distress and the Restructuring Process
Legal Overview of Distressed Debt Restructurings
Overview of the Valuation Process
Leverage and the Concepts of Credit Support and Capacity
Capital Structures and the Allocation and Management of Credit Risk
Causes of Financial Distress and the Restructuring Implications
Options for Alleviating the Financial Distress—The Company’s Perspective
Profiting from Financial Distress—The Investor’s Perspective
Practical Aspects of the Investment Process and Due Diligence
Dynamics of the Workout Process: The End Game
Post-Reorganization Considerations
Literature Survey and Selected References
Index |
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