Bankruptcy Investing: How to Profit from Distressed Companies - Hardcover

Branch, Ben; Ray, Hugh

Hardcover

ISBN 10: 0793102065 ISBN 13: 9780793102068

Publisher: Dearborn Trade,U.S., 1992

Synopsis

Whether you are a savvy investor or experienced fund manager (or aspire to be one), Bankruptcy Investing introduces you to the risky but lucrative opportunities for investing in the securities of troubled companies. This timely new book describes in detail the rules of the game and how to apply them to pick the winners.
The authors, both experts in the legal and financial aspects of bankruptcy investing, explain everything you need to know about investing in distressed companies, including estimating bankruptcy values, how to use timing to your advantage, quantitative techniques to minimize risks, evaluating available data, characteristics of various types of short-term and long-term debt instruments, investment strategies, and sources of additional information.
You'll fully understand all the implications of investing in the securities of firms in all stages of financial distress--from informal or formal workouts to Chapter 11 or Chapter 7 bankruptcy--as well as investing in both debt and equity securities. Real-world examples illustrate how you can profit from investing in troubled companies and what risks are incurred. An extensive glossary defines legal, economic and financial terms.
Bankruptcy Investing translates the often-confusing lexicon of bankruptcy into a profitable investment program that you can implement immediately. You too will discover an exciting way to find new investment winners.

About this title

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.

Edition details

• Publisher: Dearborn Trade,U.S.
• Publication date: 1992
• Language: English
• ISBN 10: 0793102065
• ISBN 13: 9780793102068
• Binding: Hardcover
• Number of pages: 286