Product 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.

Product Details

• Amazon Sales Rank: #13353 in Books
• Published on: 2004-11
• Number of items: 1
• Binding: Hardcover
• 448 pages

About the Author
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.

Customer Reviews

The only "How To" book on the subject you need.
If you are looking at distressed assets (not just debt) of any kind, this is the only book you need.

All bases are covered, from legal proceedings, financial statement analysis, to market micro-structure.

This is not a suitable book for retail investors, unless the issue happens to be very large and liquid (e.g. Calpine debt in 12/'07). This text is directed primarily at institutional investors, so know this before you buy.

Other subjects are covered such as "loan to own", etc.

A winner.

Invaluable
Extremely helpful in preparing our new hires - it is required reading. This book will be a desk reference for years to come.

Great & Comprehensive Practical Review
Unlike many academic books, this is a practical analysis of distressed debt, the bankruptcy process, and all the related financial, accounting and valuation issues that arise in this context. It is well written and well organized.

Some other books on the topic go into significantly more detail in esoteric issues; however this book is a must for a grounded detailed understanding of the topic. I have recommended this book to a number of colleagues in the industry and all were equally appreciative.