Product Details

• Amazon Sales Rank: #257382 in Books
• Published on: 1999-01-19
• Original language: English
• Number of items: 1
• Binding: Paperback
• 324 pages

Synopsis
Two experts in the legal and financial aspects of bankruptcy investing present this text for serious, though not necessarily large-scale, investors considering investment in the securities of troubled companies. The focus is on publicly traded instruments, but nonpublic securities are also discussed. The revised edition incorporates updates on a nu

From the Publisher
Risky But Lucrative Investment Opportunities
Two financial experts, one an attorney and the other a business school professor, guide you through the risky but lucrative investment opportunities available in troubled companies. Whether your interests are formal or informal workouts, Chapter 7 or Chapter 11 bankruptcies, or debt or equity securities, this book provides crucial information about investing in distressed corporations. Topics include estimating bankruptcy values, using timing to your advantage, evaluating available data, quantitative techniques to minimize risk, the characteristics of various types of short-term and long-term debt instruments, and investment strategies. The authors illustrate their points with real-world examples, and provide an extensive glossary defining legal, economic, and financial terms. The principles first put forth in the original edition published in 1992 are still valid in this 1999 reprint edition.