At Porter & Co., we believe a diversified portfolio of distressed corporate bonds offers investors the highest upside and lowest risk way to compound wealth over the long-term. Led by Marty Fridson, the man who effectively created the distressed debt research industry, this monthly service uncovers safe, high-yield corporate bonds with double-digit return potential. Plus the occasional distressed equity play with extraordinary upside.
Distressed Investing
-
Paint It White
Right now, the industry that produces the key ingredient for everything from Oreo cookies to living-room paint is near the bottom in operating profit and share price. This distress creates the opportunity to recommend shares of one the leaders (a century-old business) in the production of this chemical.
-
The Fists Come Out In Bankruptcy Court
The bankruptcy court’s decision in an ongoing case that Marty Fridson reports on this month may provide some guidance on what to expect if a similar situation arises in distressed bonds in the future. Keeping on top of these developments is an important part of the task of identifying the best opportunities in distressed securities.
-
Sell Alert: Albemarle 7.25% Preferred Shares
In our report Dig Baby Dig, published on September 12, 2024, we recommended purchasing Albemarle’s 7.25% Series A Mandatory Convertible Preferred Stock, then trading at $42.89 per share. Our rationale was that the sharp decline in lithium prices had caused the stock prices of the companies, like Albemarle, that produce it, to fall too far.
-
Value Investing On Steroids
The price of the bond featured this month has fallen sharply during the year – but our team believes the bond represents solid risk-adjusted value at current prices. We think the bond will ultimately be valued materially higher than it is today.
-
Pick A Bond… Any Bond
Today, Distressed Investing editor Marty Fridson writes that when a sell-off in distressed debt begins, and sellers vastly outnumber buyers, outstanding opportunities will exist even in bonds that face no serious risk of failing. It can be a ripe time for juicy returns.