Moyer investing in distressed debt is trying to answer the following questions among. Strategies for speculative investors kindle edition by moyer, stephen g. Strategies for speculative investors by stephen moyer. Margin of safety also has a section on distressed debt, which i recommend. Where a debtor has proactively encouraged this, which will happen in many situations were a debtor is attempting a consensual reorganization outside of chapter 11, the unofficial committee will often be given authority to retain legal counsel, and oftentimes even. Strategies for speculative investors by moyer, stephen and a great selection of related books, art and collectibles available now at. Strategies for speculative investors by stephen moyer overview providing theoretical and practical insight, distressed debt analysis.
How distressed debt can be a good investment for hedge funds, and find out if the riskreturn relationship is suitable for individual investors. I also have considerable experience in high yield bond analysis and investment, and the management of credit research departments. Distressed investing, at its most basic level, is a form of deep value investing typically with an eventdriven element as well. Strategies for speculative investors moyer, stephen on. Distressed debt analysis by stephen moyer hardcover. Distressed debt analysis addresses the complete knowledge needs of investors and professionals in the burgeoning world of financially distressed companies. The aggressive conservative investor martin j whitman. Steve moyer president distressed debt alpha linkedin. Read distressed debt analysis online by stephen moyer books. The book covers the broader financial environment of the reorganization and the basic process of investment analysis and investment.
Providing theoretical and practical insight, distressed debt analysis. Download it once and read it on your kindle device, pc, phones or tablets. Read unlimited books and audiobooks on the web, ipad, iphone and android. Strategies for speculative investors 9781932159189 by moyer, stephen and a great selection of similar new, used and. Moyer moyer distressed debt question for distressed debt folks about a concept introduced in moyers book distressed debt moyer distressed debt analysis moyer and then.
His interest in distressed securities analysis began when he was a member. To learn more on your own, look at simple cases first, such as j. 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. It includes all credit instruments that are trading at a significant discount.
Moyer of tennenbaum, i failed to find anything that was helpful so i decided to read the book in detail and then share my key takeaways with. Strategies for speculative investors by moyer, stephen isbn. Moyer has over 25 years of experience in investment analysis and corporate finance. The mustread is distressed debt analysis by moyer, which is very dense but essential for this role. He is a recognized speaker and writer on the subject of distressed securities and a frequent lecturer at industry events and graduate business programs. In some cases, distressed debt investors end up as owners of the troubled company. Stephen moyer distressed debt pdf free goodsitememphis. Moyer investing in distressed debt is trying to answer the following questions among others. His interest in distressed securities analysis began when he was. Read distressed debt analysis by stephen moyer for free with a 30 day free trial.
The handbook of fixed income securities frank fabozzi y. Moyer portfolio manager at pimco and author of distressed debt analysis taught a seminar at nyssa on. Save up to 80% by choosing the etextbook option for isbn. Strategies for speculative investors presents a conceptual, but not overly technical, outline of the financial and bankruptcy law context in which restructurings take place. With distressed debt investing, an investor consciously purchases the debt of a troubled companyoften at a discountand seeks to profit if the company turns around. Moyer is the president of distressed debt alpha, a consulting firm that focuses on distressed debt investing. Would det mind sharing distressed debt analysis by moyer with me. Strategies for speculative investors 1st edition by stephen moyer and publisher j. Moyer has been a portfolio manager and analyst in the distressed credit group at pacific investment management company pimco. Strategies for speculative investors book online at best prices in india on. Distressed debt analysis 2004 edition open library. Our library is the biggest of these that have literally hundreds of thousands of different products. Bibliography includes bibliographical references p.
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. Distress or vulture investing requires a high level of business acumen combined with deep knowledge of accounting, finance, and corporate and restructuring law. Ross publishing, 2004 the vulture investors revised edition hilary rosenberg wiley, 2000 bankruptcy investing how to profit from distressed companies. Ross publishing 2005, david martin is director and cohead of proprietary investing at orix corp. Moyer never had the investment committee of arch capital i arch been as divided as it was on an otherwise. Distressed investing can take many forms, although these days it is usually used in connection with distressed debt. Hawker beechcraft distressed debt investment analysis. It is perfect for financial analysts, portfolio managers, bankruptcy departments of law firms, restructuring advisory groups, turnaround consulting firms, and reorganization and distressed. 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. His interest in distressed securities analysis began when he was a member of the high yield research group at drexel burnham lambert.
It is perfect for financial analysts, portfolio managers, bankruptcy departments of law. Hey guys, anyone have a pdf copy of distressed debt analysis by stephen moyer theyd be willing to send me. In many cases, investors still walk away with payments even, if a company goes bankrupt. I am very interested in the distressed space and want to learn as much as i can. Strategies for speculative investors kindle edition by stephen g. Distressed debt analysis by stephen moyer overdrive. Author of distressed debt analysis, a leading text in the field. Strategies for speculative investors addresses the complete knowledge needs of investors and professionals in the burgeoning world of financially distressed companies. Second, moyer seems to have identified his audience, the educated investor that typically deals with equities but wants to become conversant in distressed debt.
Hawker beechcraft distressed debt investment analysis case study prepared by stephen g. Our objective in this paper is to provide a pedagogical discussion of the process by which creditors take control of distressed firms. Everyday low prices and free delivery on eligible orders. Download it once and read it on your kindle device, pc. Distressed debt a security in default or likely to be in. One of the more widely accepted definitions of distressed debt is generally attributed to martin. It is perfect for financial analysts, portfolio managers, bankruptcy departments of law firms, restructuring advisory groups, turnaround consulting. He is also an adjunct professor at the university of southern. Use features like bookmarks, note taking and highlighting while reading distressed debt analysis. Distressed debt analysis strategies for speculative investorsstephen g.
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