To learn more on your own, look at simple cases first, such as j. Stephen moyer distressed debt pdf free goodsitememphis. Read distressed debt analysis by stephen moyer for free with a 30 day free trial. It is perfect for financial analysts, portfolio managers, bankruptcy departments of law firms, restructuring advisory groups, turnaround consulting. His interest in distressed securities analysis began when he was. 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 by moyer, stephen and a great selection of related books, art and collectibles available now at.
Download it once and read it on your kindle device, pc, phones or tablets. Ross publishing, 2004 the vulture investors revised edition hilary rosenberg wiley, 2000 bankruptcy investing how to profit from distressed companies. 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. Download it once and read it on your kindle device, pc. Read distressed debt analysis online by stephen moyer books. Margin of safety also has a section on distressed debt, which i recommend. Moyer is the president of distressed debt alpha, a consulting firm that focuses on distressed debt investing. He is also an adjunct professor at the university of southern. 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. Hawker beechcraft distressed debt investment analysis case study prepared by stephen g. He is a recognized speaker and writer on the subject of distressed securities and a frequent lecturer at industry events and graduate business programs. Save up to 80% by choosing the etextbook option for isbn. Author of distressed debt analysis, a leading text in the field. Second, moyer seems to have identified his audience, the educated investor that typically deals with equities but wants to become conversant in distressed debt.
Strategies for speculative investors by moyer, stephen isbn. In many cases, investors still walk away with payments even, if a company goes bankrupt. Strategies for speculative investors kindle edition by moyer, stephen g. Everyday low prices and free delivery on eligible orders.
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. The aggressive conservative investor martin j whitman. I also have considerable experience in high yield bond analysis and investment, and the management of credit research departments. 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. Read unlimited books and audiobooks on the web, ipad, iphone and android. Distressed debt analysis by stephen moyer overdrive. Distressed debt analysis addresses the complete knowledge needs of investors and professionals in the burgeoning world of financially distressed companies. 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. Distressed debt analysis strategies for speculative investorsstephen g. Strategies for speculative investors book online at best prices in india on. His interest in distressed securities analysis began when he was a member. Would det mind sharing distressed debt analysis by moyer with me. Strategies for speculative investors kindle edition by stephen g.
Moyer portfolio manager at pimco and author of distressed debt analysis taught a seminar at nyssa on. Moyer has over 25 years of experience in investment analysis and corporate finance. Moyer has been a portfolio manager and analyst in the distressed credit group at pacific investment management company pimco. I am very interested in the distressed space and want to learn as much as i can. Moyer investing in distressed debt is trying to answer the following questions among others. Moyer investing in distressed debt is trying to answer the following questions among. One of the more widely accepted definitions of distressed debt is generally attributed to martin. In some cases, distressed debt investors end up as owners of the troubled company. Moyer never had the investment committee of arch capital i arch been as divided as it was on an otherwise.
Distress or vulture investing requires a high level of business acumen combined with deep knowledge of accounting, finance, and corporate and restructuring law. 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. Distressed debt analysis by stephen moyer hardcover. The mustread is distressed debt analysis by moyer, which is very dense but essential for this role. Steve moyer president distressed debt alpha linkedin. How distressed debt can be a good investment for hedge funds, and find out if the riskreturn relationship is suitable for individual investors. Ross publishing 2005, david martin is director and cohead of proprietary investing at orix corp. Distressed investing can take many forms, although these days it is usually used in connection with distressed debt. Hey guys, anyone have a pdf copy of distressed debt analysis by stephen moyer theyd be willing to send me.
His interest in distressed securities analysis began when he was a member of the high yield research group at drexel burnham lambert. 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. The book covers the broader financial environment of the reorganization and the basic process of investment analysis and investment. It includes all credit instruments that are trading at a significant discount. Strategies for speculative investors addresses the complete knowledge needs of investors and professionals in the burgeoning world of financially distressed companies.
Distressed debt a security in default or likely to be in. Strategies for speculative investors by stephen moyer. Our objective in this paper is to provide a pedagogical discussion of the process by which creditors take control of distressed firms. Strategies for speculative investors 9781932159189 by moyer, stephen and a great selection of similar new, used and. Strategies for speculative investors 1st edition by stephen moyer and publisher j. 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. Strategies for speculative investors by stephen moyer overview 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.