To ask other readers questions about Distressed Debt Analysis, please sign up. Be the first to ask a question about Distressed Debt Analysis This book is apparently a must read for distressed debt investors. After reading it I could see why. Its written in a way that a lot of beginners can.
Goodreads helps you keep track of books you want to read.
Start by marking “Distressed Debt Analysis: Strategies for Speculative Investors” as Want to Read:
Rate this book
See a Problem?
We’d love your help. Let us know what’s wrong with this preview of Distressed Debt Analysis by Stephen G. Moyer.
Not the book you’re looking for?Preview — Distressed Debt Analysis by Stephen G. Moyer
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 investmen...more
Published November 1st 2004 by J. Ross Publishing
To see what your friends thought of this book,please sign up.
To ask other readers questions aboutDistressed Debt Analysis,please sign up.
Be the first to ask a question about Distressed Debt Analysis
Security Analysis (Reddit) 125 books — 9 voters
Distressed Debt Definition
More lists with this book...
Rating details
|
This book is apparently a must read for distressed debt investors. After reading it I could see why. Its written in a way that a lot of beginners can understand. A lot of areas have been covered. So a great way to start learning on the subject.
On the negatives the first is that its written from thr context of the US legal environment. The legal aspects of distressed investing will differ substantially across countries. The author also had to simplify a very complex subject in order for readers t...more
On the negatives the first is that its written from thr context of the US legal environment. The legal aspects of distressed investing will differ substantially across countries. The author also had to simplify a very complex subject in order for readers t...more
A high level overview of a complex segment of the market, but concisely presented into a number of key principles for the distressed investor. The analogy with the game of chess throughout the book, helps highlight the multiple facets, players and interests of the market and how strategy and due diligence can identify opportunities in the distressed market with high probability weighted chances of success. Definitely will use the book for reference in the future.
Apr 08, 2012Sean rated it really liked it
Very well written with great insight into how the legal structure of Chapter XI can influence financial decisions. High-level obviously but great way to get an intro to concepts such as fraudulent conveyance, automatic stay, executory contracts and cram-down.
Best book on distressed debt investing I know of
Moyer Distressed Debt
1234
The text book on distressed debt analysis. I hand out a copy to all my analysts.
humble.observer rated it really liked it
Sep 07, 2016
Sep 07, 2016
Morrow Bailey rated it really liked it
Aug 19, 2016
Aug 19, 2016
Joseph Citarrella rated it it was amazing
Sep 26, 2016
Sep 26, 2016
Steve Moyer Distressed Debt Alpha
Christopher Bosco rated it it was amazing
Feb 27, 2018
Feb 27, 2018
Matthew E. Goracy rated it it was amazing
Jan 14, 2019
Jan 14, 2019
There are no discussion topics on this book yet.Be the first to start one »
Recommend It | Stats | Recent Status Updates
See similar books…
If you like books and love to build cool products, we may be looking for you.
Learn more »
Learn more »
See top shelves…
Distressed Debt Pdf
3followers
Quick synopsis: Very good book, assumes a basic working knowledge of finance/valuation without over-assuming, fluidly and fluently takes you from theory to post-reorganization divestiture strategy hitting on major milestones along the way.
Full synopsis: My knowledge of bankruptcy has been largely based on classroom learning. I reached out to a guy who works in the space to ask if he had any suggestions on books that could help me get a more real-world understanding of the bankruptcy process, and more specifically investing through the bankruptcy process, without actually working in the space. He strongly recommended this book and said it would 'get (me) 80% of the way there, and the last 20% you just have to learn from actually doing it'.
There are a few notable strengths of this book. First, it would be exceedingly easy, and excusable, given the subject matter for the author to get constantly dragged and bogged down in the esoteric details of bankruptcy. Throughout the 300 pages, I really did not feel that that ever happened, which is a feat unto itself. Moyer was masterfully adept at making sure to cite and point out relative legal bankruptcy (NYSE:BRC) and tax (NYSE:IRC) codes while keeping it at the appropriate level given the intended audience (definitively not practicing bankruptcy lawyers). Additionally, he did well to give nuance on how case law has evolved in certain fields. Second, Moyer seems to have identified his audience, the educated investor that typically deals with equities but wants to become conversant in distressed debt. As such, he does a great job knowing what topics are important, and how in-depth he needs to go into them. For example, he speeds over the topics of valuing the enterprise, and then jumps right into how the value of an enterprise for a distressed entity differs from the value of your typical equity.
Another strength of the book is Moyer's continual use of case studies. Obviously the specific fact patterns of any bankruptcy will highly impact how it plays out, and it is exceedingly hard to generalize. Moyer proves quite adroit at balancing this inherent ambiguity with the reader's want for hard rules/examples. The book is now about a decade old, and it was written with the dot com busts freshly in mind, so some of the examples look nothing like anything recently. (Incredible amounts of debt with zero assets, straight junior debt with zero bank debt, huge amounts of convertible debt which the companies' clearly thought they would never have to pay back). But the author actually is quite prescient in understanding that while these specific circumstances are not the norm, the lessons are applicable across time.
This book could easily have slid into the theoretical and that did not happen at all. I found it to be a fantastic resource and one of the top ten investing books I've ever read. I would highly recommend it for the novice debt investor looking to get a foothold in the sometimes frustratingly opaque worl