{"product_id":"distress-investing-principles-and-technique-hardcover","title":"Distress Investing: Principles and Technique - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eMartin J. Whitman\u003c\/b\u003e (Author), \u003cb\u003eFernando Diz\u003c\/b\u003e (Author)\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eFinancial innovation, new laws and regulations, and the financial meltdown of 2007-2008 are just a few of the forces that have shaped, and continue to shape, today's distress investment environment. Combine this with the fact that the discipline of distress investing doesn't always follow what conventional wisdom says, and you can see why it is one of the most challenging areas in finance. \u003c\/p\u003e\u003cp\u003eNobody understands this better than Martin Whitman--the legendary founder of Third Avenue Management LLC and a pioneer in the field of distressed markets--and leading academic Dr. Fernando Diz of Syracuse University. That's why they decided to write \u003ci\u003eDistress Investing\u003c\/i\u003e. As an outgrowth of annual distress and value investing seminars the two have taught together at Syracuse University's Martin J. Whitman School of Management, this reliable resource will help you gain a better understanding of the essential principles and techniques associated with distress investing and show you how to effectively apply them in the real world. \u003c\/p\u003e\u003cp\u003eDivided into four comprehensive parts--the General Landscape of Distress Investing, Restructuring Troubled Issuers, the Investment Process, and Cases and Implications for Public Policy--this book comprehensively covers the practice of buy-and-hold investing in distressed credits, whether it be performing loans or the reinstated issues of a reorganized issuer. \u003c\/p\u003e\u003cp\u003eFrom the recent changes to U.S. bankruptcy code and creditor rights to cash bailouts, you'll quickly learn how to analyze distressed situations such as pricing issues, arbitrage opportunities, tax disadvantages, and the reorganization of funding plans. Along the way, case studies of both large and small distress investing deals--from Kmart to Home Products International--will give you a better perspective of the business. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCritical topics addressed throughout these pages include: \u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e \u003cli\u003eChapter 11 bankruptcy and why it's not considered an ending, but rather a beginning when it comes to distress investing\u003c\/li\u003e \u003cli\u003eThe \"Five Basic Truths\" of distress investing\u003c\/li\u003e \u003cli\u003eThe difficulty of due diligence for distressed issues\u003c\/li\u003e \u003cli\u003eDistress investing risks--from reorganization risk to risk associated with the alteration of priority of payments in bankruptcy\u003c\/li\u003e \u003cli\u003eValuing companies by both going concern as well as their resource conversion attributes\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIn today's turbulent economic environment, distress investing presents some enticing opportunities. Put yourself in a better position to excel at this endeavor with \u003ci\u003eDistress Investing\u003c\/i\u003e as your guide.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eMARTIN J. WHITMAN\u003c\/b\u003e is Chairman and co-CIO of Third Avenue Management LLC. He has taught courses in value investing and distressed investing for the past thirty years at the Schools of Management at both Syracuse University and Yale University. Whitman is also the author of the Wiley titles \u003ci\u003eValue Investing\u003c\/i\u003e and \u003ci\u003eThe Aggressive Conservative Investor.\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eFERNANDO DIZ\u003c\/b\u003e is the Martin J. Whitman Associate Professor of Finance and Director of the Ballentine Investment Institute at Syracuse University. His research specialties are in the areas of trading, derivative securities, and value and distress investing. Diz has written for the \u003ci\u003eJournal of Futures Markets, \u003c\/i\u003e the\u003ci\u003e Review of Financial Studies, \u003c\/i\u003e and the \u003ci\u003eJournal of Alternative Investments\u003c\/i\u003e.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 272\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.1 x 9.1 x 6.3 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e April 13, 2009\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":45343163252838,"sku":"9780470117675","price":82.92,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0599\/7255\/0758\/files\/SHBpZEpGODRLc0x3RlVPQVVFazlEQT09.webp?v=1774903808","url":"https:\/\/infinitylightwa.com\/products\/distress-investing-principles-and-technique-hardcover","provider":"Infinity Light","version":"1.0","type":"link"}