Portfolio Update: Four Deeply Distressed Industries to Watch
In our view, the distress ratio is likely to double or triple from its current level by late 2023 or early 2024. And that means a crop of new distressed opportunities will soon arise.
Distressed Investing
Video Did Not Kill The Radio Star
Our latest addition to the Porter & Co. Distressed Investing portfolio is a bond that is secured by the assets of the largest owner of radio stations in the United States. It’s trading at a 17% discount to its $1,000 face value.
Portfolio Update: Big-Name Retailers Falter
Below, you’ll find the latest market and portfolio update from our Director of Distressed Investing, Martin Fridson. We’ll release an update two weeks after each monthly issue. (Martin will also include his trademark short introductory poem.)
Defensive Investing: Heads You Win, Tails You (Still) Win
The key to defensive distressed investing is simple: find investments that will hold up well when the market declines – and go up when the market eventually recovers. Today’s recommendation offers a high chance of upside with a built-in margin of safety.
Portfolio Update: Distress Spreads Beyond Banks
Today’s issue will be the first market and portfolio update from our Director of Distressed Investing, Martin Fridson.
A Safe Bet on the “Graying of America”
Below, you’ll find your first official distressed bond recommendation from Wall Street’s “Dean of High Yield,” Martin Fridson. (Martin is also an accomplished writer of light verse, and will be opening each monthly issue with a short original poem.)