A Possible Turning Point For Distressed Debt

Tight credit isn’t the only factor driving the Distress Ratio’s rise and fall. But it’s a powerful one that’s likely to keep making it harder for struggling companies to refinance their maturing debt in coming months. It all adds up to a likelihood that distressed-debt investors will have a significantly wider array of bonds to choose from before very long.

Busting Up A Game Of Liar’s Poker

An investor who consistently beats the market needs others to be consistently on the wrong side of the trade. Don’t persist with a strategy that makes you the one who’s making money for someone else, Distressed Investing editor Marty Fridson writes.

Rising Up From The Great Debacle

Today’s Daily Journal features an exclusive book excerpt highlighting the dean of high-yield investing Marty Fridson, Porter & Co. Distressed Investing’s senior analyst. Marty has written eight books on investing – including The Little Books Of Picking Top Stocks and Financial Statement Analysis – and now is the focus of a chapter of a book on corporate finance being released soon.