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 debt
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.
Is Icahn Enterprises a Ponzi Scheme?
Carl Icahn has generated one of the best long-term investment track records in history, but he has also made a lot of powerful enemies over the years. Now the prominent short-selling firm, Hindenburg, is targeting Icahn and his company. Here’s why we are keeping IEP in our model portfolio.