It is perfect for financial analysts, portfolio managers, bankruptcy departments of law firms, restructuring advisory groups, turnaround consulting. Strategies for speculative investors 1st edition by stephen moyer and publisher j. One of the more widely accepted definitions of distressed debt is generally attributed to martin. Apr 04, 2017 stephen moyer distressed debt pdf merge. Strategies for speculative investors by moyer, stephen and a great selection of related books, art and collectibles available now at. Hawker beechcraft distressed debt investment analysis. As mostly a theoretical book on distressed debt investing, this book accomplishes less than the one written by subhrendu chatterji and paul hedges called loan workouts and debt for equity swaps which is far more detailed and thorough in its description of the pros and cons in the use of a wide range of securities in loantoown transaction.
The book covers the broader financial environment of the reorganization and the basic process of investment analysis and. Ross publishing, 2004 the vulture investors revised edition hilary rosenberg wiley, 2000 bankruptcy investing how to profit from distressed companies. How do investment professionals analyze distressed debt as. I currently can not invest in distressed debt as a young student, but i aspire to use this strategy when i have the money.
Distressed debt and corporate restructuring can be a result of bankruptcies. Distressed debt analysis addresses the complete knowledge needs of investors and professionals in the burgeoning world of financially distressed companies. Download it once and read it on your kindle device, pc, phones or tablets. The focus is comm real estatebonds backed by real estate.
Distressed debt analysis is the business planning, strategy, planning and investment guide that teaches people who to grow your business and avoid being bankrupt. Strategies for speculative investors kindle edition by moyer, stephen g. I understand the due diligence req on assest level i. Dec, javascript seems to be disabled in your browser. Strategies for speculative investors presents a conceptual, but not overly technical, outline of the financial and bankruptcy law context in which restructurings take place. To value distressed debt seemed arcane and complex. Moyer provides the insight, indepth analysis and strategies necessary to invest successfully in the securities of financially distressed companies.
Are there any good distressed debt investing primerspitches out there. Members of the distressed debt investor club have access to members investment ideas, a member only forum, job board, a private message service, and a number of other ancillary services. Request pdf capital structure, equity ownership and firm. Jan 10, 2016 1 below is an account of a distressed debt investment i made for my firm. Steve moyer is a portfolio manageranalyst in the distressed credit group of pimco.
Oct 18, 2016 moyer provides the insight, indepth analysis and strategies necessary to invest successfully in the securities of financially distressed companies. Over the past 20 years, distressed debt investing has become increasingly popular. Collins chair holder and professor of finance at baylor university and davids proud father. A 1982 booth alumnus, steve moyer is the president and founder of distressed debt alpha, as well an author of a leading text on the subject.
Weill 2007 and krishnan and moyer 1997 reported that financial. Distressed debt analysis,stephen moyer properlyassessingthe distressed companysactionsiskeytoassessinginvestmentoutcomes strategicopaonstoresolve. Distressed debt investing moyer pdf download perpetuo illegal adreas sveglia author. Strategies for speculative investors book online at best prices in india on. It includes all credit instruments that are trading at a significant discount and have a spread substantially wider than the. The distressed debt investors club is a group of top investors and analysts whose members share and discuss credit and fixedincome investment ideas. Nov 15, 2004 providing theoretical and practical insight, distressed debt analysis. Strategies for speculative investors was published in 2005, and moyer continues to speak at industry conferences and institutions of higher learning. Moyer has over 25 years of experience in investment analysis and corporate finance. Throughout this analysis we consider the role of ownership structure and type on capital.
An introduction to distressed debt and credit investing cais. I am very interested in the distressed space and want to learn as much as i can. How to value distressed debt the practical guide to. Read distressed debt analysis online by stephen moyer books. Get file distressed debt analysis strategies for speculative investors pdf get essential tips and learn more about everything from advantage and. Distressed debt a security in default or likely to be in. They cannot afford to say something different and expecting it to sell. Moyer has been a portfolio manager and analyst in the distressed credit group at pacific investment management. It includes all credit instruments that are trading at a. Steve moyer president distressed debt alpha linkedin. I also have considerable experience in high yield bond analysis and investment, and the management of credit research departments. Rob shapiro, cio and a cofounder of arch, was worried what. Data bankruptcy time analysis to get a sense for duration of distressed debt market, considering only issues that le for bankruptcy.
Ross publishing 2005, david martin is director and cohead of proprietary investing at orix corp. Are there any good distressed debt investing primers. George perry rated it liked it dec 07, moyer moyer distressed debt question for distressed debt folks about a concept introduced in moyer s book distressed debt moyer distressed debt analysis moyer and then. Moyer has been a portfolio manager and analyst in the distressed credit group at pacific investment management company pimco. Capital structure, equity ownership and firm performance. Hedge fund investing in distressed securities 3 25 executive summary the sharp correction in the us subprime market in mid2007 was the catalyst for what has been a near perfect storm in global credit markets. Distressed debt refers to the securities of a government or company which has either defaulted, is under bankruptcy protection, or is under distress and moving towards the aforementioned situations in the near future. Distressed debt analysis strategies for speculative investorsstephen g. Distressed debt prices and recovery rate estimation. Strategies for speculative investors moyer, stephen isbn. Strategies for speculative investors addresses the complete knowledge needs of investors and professionals in the burgeoning world of financially distressed companies. Distresseddebtanalysis,stephenmoyer properlyassessingthedistressedcompanysactionsiskeytoassessinginvestmentoutcomes strategicopaonstoresolve. It was 2008, at the height of the financial recession, and distressed investing sounded intense.
Summary data for the leveraged acquisition are set forth below in exhibit. Distressed debt analysis 2004 edition open library. He is a recognized speaker and writer on the subject of distressed securities and a frequent lecturer at industry events and graduate business programs. Strategies for speculative investors 1st ed hardcover jan. His interest in distressed securities analysis began when he was. Bond professionals know that the worlds of investment grade, high yield, and distressed debt are as different as fire, water, and air.
Distressed investing can take many forms, although these days it is usually used in connection with distressed debt. Distressed investing, at its most basic level, is a form of deep value investing typically with an eventdriven element as well. Whether its the tightening of the credit markets, a regulatory shift, margin erosion due to influx of competition, or structural changes such as in the retail industry as of late. Get for free stephen g moyer distressed debt analysis strategies for speculative investors ebook in pdf epubonline. See why distressed debt has been a very lucrative investment over history. Distressed debt refers to the securities of a government or company which has either defaulted, is under bankruptcy protection, or is in financial distress and moving toward the aforementioned situations in the near future. Strategies for speculative investors by moyer, stephen isbn. I would like to find a blog or website that gives facts or analysis regarding recent bankruptcies or restructuring events. Use features like bookmarks, note taking and highlighting while reading distressed debt analysis. How do investment professionals analyze distressed debt as a. Anyone know any good books or resources on distressed debt due diligence. See all 4 formats and editions hide other formats and editions. Notify me when there are new comments or replies on my discussion. Investing in credit series distressed debt june 14 revised3.
Distressed debt investing moyer pdf download perpetuo illegal. Nov 30, 2004 distressed debt analysis by stephen moyer, 9781932159189, available at book depository with free delivery worldwide. Distressed debt analysis by stephen moyer, 9781932159189, available at book depository with free delivery worldwide. Read distressed debt analysis strategies for speculative investors by stephen moyer available from rakuten kobo. Distressed debt funds fail to attract inflows despite growth in distressed assets. Read unlimited books and audiobooks on the web, ipad, iphone and android. Get for free stephen g moyer distressed debt analysis strategies for speculative investors ebook in pdfepubonline. Read distressed debt analysis by stephen moyer for free with a 30 day free trial.
If you are a society or association member and require assistance with obtaining online access instructions please contact our. Jul 01, 2019 distressed debt analysis by stephen g. It is perfect for financial analysts, portfolio managers, bankruptcy departments of law firms, restructuring advisory groups, turnaround consulting firms, and reorganization and distressed. Hey guys, anyone have a pdf copy of distressed debt analysis by stephen moyer theyd be willing to send me. Seasoned professional with substantial investment management, analysis and banking experience coupled with corporate law background seeks opportunity to teach finance and related topics at college or graduate school level. Nov 01, 2004 as mostly a theoretical book on distressed debt investing, this book accomplishes less than the one written by subhrendu chatterji and paul hedges called loan workouts and debt for equity swaps which is far more detailed and thorough in its description of the pros and cons in the use of a wide range of securities in loantoown transaction.
They have years of extensive experience representing, both in and out of court, significant distressed debt funds, including in many of the most complex restructurings and bankruptcy cases in the country, such as caesars entertainment, lehman brothers, enron, cit group, delphi, owens corning, calpine, residential capital and tribune corp. Are there any good distressed debt investing primerspitches. Author of distressed debt analysis, a leading text in the field. Everyday low prices and free delivery on eligible orders. Providing theoretical and practical insight, distressed debt analysis. An increase in the amount of distressed assets in the past two years has yet to boost inflows into distressed debt funds.
Moyer moyer distressed debt question for distressed debt folks about a concept introduced in moyer s book distressed debt moyer distressed debt analysis moyer and then. How to value distressed debt the practical guide to distressed investing i was excited but anxious when i first joined the special situations group at j. Our objective in this paper is to provide a pedagogical discussion of the process by which creditors take control of distressed firms. The global distressed debt market has been established for some years now, however. Distressed debt investing moyer pdf download perpetuo. How distressed debt investing works the motley fool. Seasoned professional with substantial investment management, analysis and banking. The distressed debt market has increased in size with private equity firms and hedge funds now key players.
Oct 08, 2018 how distressed debt investing works heres what distressed investing is and how it works. Save up to 80% by choosing the etextbook option for isbn. Strategies for speculative investors by moyer, stephen abebooks. Though understanding either ig or hy helps with distressed debt analysis, it is different enough that a separate treatment is necessary. If you like books and love to build cool products, we may be looking for you.
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