This blog will try to dissect distressed debt investing, up and down the capital structure. We will look at current distressed debt situations, try to explain the ins and outs of how decisions are made in the distressed debt world, probably rant a few times about positions that are working against me, and hopefully enlighten some readers.
I thought this paragraph was the most interesting part of the article. Post-Reorg is certainly a much more competitive field now than it was previously.
These days, the former backwater of bankruptcy investing is teeming with distressed-debt specialists. There are few undiscovered situations, and stocks of formerly bankrupt companies often carry higher valuations than those of peers that didn't go through Chapter 11. That makes it tougher for individual investors to find winners.
I thought this paragraph was the most interesting part of the article. Post-Reorg is certainly a much more competitive field now than it was previously.
ReplyDeleteThese days, the former backwater of bankruptcy investing is teeming with distressed-debt specialists. There are few undiscovered situations, and stocks of formerly bankrupt companies often carry higher valuations than those of peers that didn't go through Chapter 11. That makes it tougher for individual investors to find winners.
any plans to look at some of the out of court restructurings? YRCW is particularly interesting, for example.
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