The Art of Vulture Investing-MAJ: Adventures in Distressed Securities Management

A detailed look at the discipline of modern distressed investingInvesting in distressed securities/financially troubled credits is an approach that contains both great risk and opportunity. Occurrences from the recent credit crisis have changed this playing field immensely, not so much in terms of actual laws being revised but in the government's larger role. What are the repercussions of the crisis and its bailouts on lending to financially troubled companies? Do the same approaches that have been used for over sixty years still hold true or have some of the rules changed? The Art of Vulture Investingwill answer these, and many other, important questions.An expert in the field distressed investing, author George Schultze understands the risks and opportunities of investing in financially troubled companies, especially in the wake of a shaken credit industry and sizeable government bailouts. Now, in The Art of Vulture Investing, he shares his extensive insights and expertise with you. Throughout this book, he skillfully discusses distressed security investing theory and strategy, while presenting current examples in order to reveal how the landscape has changed in recent years.Offers valuable information on post-financial crisis distressed security investingExamines the opportunities and dilemmas of the modern portfolio manager who invests in distressed securitiesIncludes in-depth case studies of Chrysler and TropicanaIf you're looking to enhance your understanding of the distressed investing discipline, this book is the best place to start.