Distressed Securities

In today's volatile business climate, with increasing numbers of bond defaults and Chapter 11 bankruptcy filings, the market for distressed companies' debt and equity securities continues to capture the interest and imagination of the investment, legal, banking and advisory communities. The profit-making potential of securities selling at discount prices makes distressed securities very attractive to the educated and aggressive investor. In "Distressed Securities: Analyzing and Evaluating Market Potential and Investment Risk," author Edward Altman provides a definitive guide to this market, and applies his considerable analytical ability and practical experience to specific types of distressed securities, including proven strategies for bank debt, defaulted private trade debt, defaulted straight debt securities, and "fallen angels."