ISBN 10: 0470117672 / ISBN 13: 9780470117675
Used / Quantity Available: 0
Available From More Booksellers
View all  copies of this book

About the Book

We're sorry; this specific copy is no longer available. AbeBooks has millions of books. We've listed similar copies below.

Description:

This Book is in Good Condition. Clean Copy With Light Amount of Wear. 100% Guaranteed. Summary: Foreword.Preface.Acknowledgments.Part One: The General Landscape of Distress Investing.Chapter 1: The Changed Environment.Trends in Corporate Debt Growth and Leverage before the Financial Meltdown of 2007-2008.Junk Bonds and the Levering-up Period.The Syndicated Loan Market and Leveraged Loans.The Financial Meltdown of 2007-2008.The Principal 2005 Bankruptcy Amendment as they Affect Chapter 11 Reorganizations of Business.Chapter 2: The Theoretical Underpinning.What market?Towards a general theory of market efficiency.The External Forces Influencing Markets Explained.What risk?Capital structure and credit risk.Valuation.The company as a stand-alone.Control and its vital importance.Chapter 3: The Causes of Financial Distress.Lack of access to capital markets.Deterioration of operating performance.Deterioration of GAAP performance.Large off-balance sheet contingent liabilities.Chapter 4: Deal Expenses and Who Bears Them.Attorneys and Financial Advisers' compensation structure and the distribution of the fee pie.Time in Chapter 11 and the number of legal firms retained.The determinants of legal fees and expenses.The determinants of financial advisers' fees and expenses.Can professional costs be excessive?Appendix.Chapter 5: Other Important Issues.Management compensation and entrenchment.Tax and political disadvantages.Chapter 6: The Five Basic Truths of Distress Investing.Truth 1: No one can take away a corporate creditor's right to a money payment outside of Chapter 11 or Chapter 7.Truth 2: Chapter 11 rules influence all reorganizations.Truth 3: Substantive characteristics of securities.Truth 4: Restructurings are costly for creditors.Truth 5: Creditors have only contractual rights.Part Two: Restructuring Troubled Issuers.Chapter 7: Voluntary Exchanges.Voluntary Exchanges.The holdout problem illustrated.Making a voluntary exchange work.Tax Disadvantages of a Voluntary Exchange vs. Chapter 11 Reorganization.Chapter 8: A Brief Review of Chapter 11.Liquidations and reorganizations.Starting a case: Voluntary vs. Involuntary petitions.Forum shopping.The parties in a Chapter 11 case.The administration of a Chapter 11 case.The Chapter 11 Plan.Chapter 9: The Workout Process.Parties and their differing needs and desires.Types of Chapter 11 Cases.Leverage factors in Chapter 11.Part Three: The Investment Process.Chapter 10: How to Analyze: Valuation.Strict Going Concern Valuation.Resource conversion valuation.Liquidation valuations.Chapter 11: Due Diligence for Distressed Issues.Chapter 12: Distress Investing Risks.Risks associated with the alteration of priorities.Other risks.Chapter 13: Form of Considerations vs. Amount of Consideration.Part Four: Cases and Implications for Public Policy.Chapter 14: Brief Case Studies of Distressed Securities 2008-2009.<. Bookseller Inventory #

About this title:

Book ratings provided by Goodreads:
3.82 avg rating
(71 ratings)

Synopsis: Praise for Distress Investing

"Marty Whitman has distilled decades of distressed investing experience into a text that is a must-read for everyone interested in the field, whether a student or a professional investor."
Wilbur L. Ross, Chairman and CEO, WL Ross & Co. LLC

"Distress Investing: Principles and Technique represents a detailed and unique perspective on an arcane arena of investment that is going to get a lot more attention. Marty Whitman is the master, and has set the standard for many years."
Sam Zell, Chairman, Equity Group Investments, LLC

"Martin Whitman and Professor Diz have produced a seminal work on the ins and outs of distressed investing for all distressed debt investors. It is jam-packed with information and guidance for the novice and the experienced. A must-read for anyone interested in distressed investing."
Lewis Kruger, Stroock & Stroock & Lavan LLP

"Marty Whitman, a legend in distress investing, packs decades of experience into these pages. The restructuring of the capital markets currently under way is sure to provide great distress investment opportunities, which this guide book can make count for you."
Bruce Flatt, Brookfield Asset Management Inc.

"The principles found in this book are those I used in the reorganization of my business from bankruptcy to an S&P 500 company with an investment grade rating and a multibillion-dollar market capitalization. An excellent premier by Marty Whitman and Professor Diz, integrating economic theory with real-world investment to help investors of all shapes and sizes understand and invest in distressed securities."
Gene Isenberg, Chairman and CEO, Nabors Industries, Inc.

"Marty Whitman, the unquestioned 'Dean' of active distressed investors, and Fernando Diz, one of the few academics specializing in distressed investing, have teamed up to provide perhaps the best and most comprehensive primer on distressed securities and markets. I learned so much from this remarkable volume."
Edward I. Altman, Max L. Heine Professor of Finance, NYU Stern School of Business, Director of credit and debt markets research at the NYU Salomon Center and adviser to several financial institutions including, Paulson & Co. and Concordia Advisers

From the Inside Flap: Financial 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.

Nobody 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 Distress Investing. 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.

Divided 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.

From 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.

Critical topics addressed throughout these pages include:

  • Chapter 11 bankruptcy and why it's not considered an ending, but rather a beginning when it comes to distress investing

  • The "Five Basic Truths" of distress investing

  • The difficulty of due diligence for distressed issues

  • Distress investing risks from reorganization risk to risk associated with the alteration of priority of payments in bankruptcy

  • Valuing companies by both going concern as well as their resource conversion attributes

In today's turbulent economic environment, distress investing presents some enticing opportunities. Put yourself in a better position to excel at this endeavor with Distress Investing as your guide.

"About this title" may belong to another edition of this title.

Bibliographic Details

Book Condition: Used

Top Search Results from the AbeBooks Marketplace

1.

Diz, Fernando, Whitman, Martin J.
Published by Wiley (2009)
ISBN 10: 0470117672 ISBN 13: 9780470117675
Used Hardcover Quantity Available: 1
Seller:
HPB-Dallas
(Dallas, TX, U.S.A.)
Rating
[?]

Book Description Wiley, 2009. Hardcover. Condition: Good. Item may show signs of shelf wear. Pages may include limited notes and highlighting. Includes supplemental or companion materials if applicable. Access codes may or may not work. Connecting readers since 1972. Customer service is our top priority. Seller Inventory # mon0001229662

More Information About This Seller | Contact this Seller

Buy Used
US$ 40.61
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

2.

Whitman, Martin J.
ISBN 10: 0470117672 ISBN 13: 9780470117675
New Quantity Available: 3
Seller:
Paperbackshop-US
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description 2009. HRD. Condition: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Seller Inventory # KB-9780470117675

More Information About This Seller | Contact this Seller

Buy New
US$ 41.65
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

3.

Whitman, Martin J.; Diz, Fernando
Published by Wiley
ISBN 10: 0470117672 ISBN 13: 9780470117675
Used Hardcover Quantity Available: 2
Seller:
glenthebookseller
(Montgomery, IL, U.S.A.)
Rating
[?]

Book Description Wiley. Hardcover. Condition: Good. 0470117672 Item in good condition. Textbooks may not include supplemental items i.e. CDs, access codes etc. Seller Inventory # Z0470117672Z3

More Information About This Seller | Contact this Seller

Buy Used
US$ 46.00
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

4.

Whitman, Martin J.
Published by John Wiley & Sons, Limited
ISBN 10: 0470117672 ISBN 13: 9780470117675
New Quantity Available: 3
Seller:
Textbooksrus UK
(London, United Kingdom)
Rating
[?]

Book Description John Wiley &amp; Sons, Limited. Condition: Brand New. Dispatch Same Working Day, (Delivery 2-4 business days, Courier For Heavy/Expensive Items) Money Back Guarantee, Prompt Customer Service. Seller Inventory # 44114194

More Information About This Seller | Contact this Seller

Buy New
US$ 43.77
Convert Currency

Add to Basket

Shipping: US$ 26.22
From United Kingdom to U.S.A.
Destination, Rates & Speeds

5.

Martin J. Whitman, Fernando Diz, Daniel D Aniello
Published by John Wiley and Sons Ltd, United Kingdom (2009)
ISBN 10: 0470117672 ISBN 13: 9780470117675
New Hardcover First Edition Quantity Available: 1
Seller:
Book Depository International
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2009. Hardback. Condition: New. 1. Auflage. Language: English . Brand New Book. A comprehensive guide to distress investing around the world Increasingly, corporate rehabilitation is more interesting than corporate liquidation to governments and capital markets. Following this trend, a mezzanine industry of mutual funds, hedge funds, and private investors has stepped up to fill the role of the traditional corporate lender. Distress Investing puts this topic in perspective and covers the essential aspects of this discipline--from its theoretical underpinnings to its practical applications. The book features cases studies of some of the biggest distress investing situations, including Kmart and Pacific Gas Electric. From the recent changes to U.S. bankruptcy code and creditor rights to cash bailouts, readers will learn how to analyze distressed situations such as pricing issues, arbitrage opportunities, tax disadvantages, and the reorganization of funding plans. Written by the leading practitioner of distress investing and coauthored by a leading academic in the field, this book is certain to become the bible on this topic for professional investors and students alike. Martin J. Whitman (New York, NY) is Chairman and Co-CIO of Third Avenue Management LLC. He is also the author of Value Investing (978-0-471-16292-6) and The Aggressive Conservative Investor (978-0-471-76805-0), from Wiley. Fernando Diz (Syracuse, NY) is the Martin J. Whitman Associate Professor of Finance and Director of The Ballentine Investment Institute at Syracuse University. Seller Inventory # AAS9780470117675

More Information About This Seller | Contact this Seller

Buy New
US$ 48.60
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

6.

Martin J. Whitman, Fernando Diz, Daniel D Aniello
Published by John Wiley and Sons Ltd, United Kingdom (2009)
ISBN 10: 0470117672 ISBN 13: 9780470117675
New Hardcover First Edition Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2009. Hardback. Condition: New. 1. Auflage. Language: English . Brand New Book. A comprehensive guide to distress investing around the world Increasingly, corporate rehabilitation is more interesting than corporate liquidation to governments and capital markets. Following this trend, a mezzanine industry of mutual funds, hedge funds, and private investors has stepped up to fill the role of the traditional corporate lender. Distress Investing puts this topic in perspective and covers the essential aspects of this discipline--from its theoretical underpinnings to its practical applications. The book features cases studies of some of the biggest distress investing situations, including Kmart and Pacific Gas Electric. From the recent changes to U.S. bankruptcy code and creditor rights to cash bailouts, readers will learn how to analyze distressed situations such as pricing issues, arbitrage opportunities, tax disadvantages, and the reorganization of funding plans. Written by the leading practitioner of distress investing and coauthored by a leading academic in the field, this book is certain to become the bible on this topic for professional investors and students alike. Martin J. Whitman (New York, NY) is Chairman and Co-CIO of Third Avenue Management LLC. He is also the author of Value Investing (978-0-471-16292-6) and The Aggressive Conservative Investor (978-0-471-76805-0), from Wiley. Fernando Diz (Syracuse, NY) is the Martin J. Whitman Associate Professor of Finance and Director of The Ballentine Investment Institute at Syracuse University. Seller Inventory # AAS9780470117675

More Information About This Seller | Contact this Seller

Buy New
US$ 50.31
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Martin J. Whitman, Fernando Diz
Published by Wiley 2009-04-13, Hoboken, N.J. (2009)
ISBN 10: 0470117672 ISBN 13: 9780470117675
New Hardcover Quantity Available: 5
Seller:
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description Wiley 2009-04-13, Hoboken, N.J., 2009. hardback. Condition: New. Seller Inventory # 9780470117675

More Information About This Seller | Contact this Seller

Buy New
US$ 53.99
Convert Currency

Add to Basket

Shipping: US$ 8.28
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Martin J. Whitman
Published by John Wiley & Sons
ISBN 10: 0470117672 ISBN 13: 9780470117675
New Hardcover Quantity Available: 3
Seller:
THE SAINT BOOKSTORE
(Southport, United Kingdom)
Rating
[?]

Book Description John Wiley & Sons. Hardcover. Condition: New. New copy - Usually dispatched within 2 working days. Seller Inventory # B9780470117675

More Information About This Seller | Contact this Seller

Buy New
US$ 52.50
Convert Currency

Add to Basket

Shipping: US$ 9.58
From United Kingdom to U.S.A.
Destination, Rates & Speeds

9.

Martin J. Whitman
ISBN 10: 0470117672 ISBN 13: 9780470117675
New Hardcover First Edition Quantity Available: 1
Seller:
AussieBookSeller
(SILVERWATER, NSW, Australia)
Rating
[?]

Book Description 2009. Hardcover. Condition: New. 1st. Hardcover. A comprehensive guide to distress investing around the world Increasingly, corporate rehabilitation is more interesting than corporate liquidation to governments and capital .Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. 247 pages. 0.454. Seller Inventory # 9780470117675

More Information About This Seller | Contact this Seller

Buy New
US$ 59.01
Convert Currency

Add to Basket

Shipping: US$ 37.00
From Australia to U.S.A.
Destination, Rates & Speeds

10.

Martin J. Whitman; Fernando Diz
Published by Wiley (2009)
ISBN 10: 0470117672 ISBN 13: 9780470117675
Used Hardcover First Edition Quantity Available: 1
Seller:
GlassFrogBooks
(Minden, NV, U.S.A.)
Rating
[?]

Book Description Wiley, 2009. Condition: Good. A+ Customer service! Satisfaction Guaranteed! Book is in Used-Good condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain limited notes and highlighting. Seller Inventory # 0470117672-2-4

More Information About This Seller | Contact this Seller

Buy Used
US$ 62.78
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

There are 7 more copies of this book

View all search results for this book