Cracking The Code

In the heart of America’s Corn Belt, the company whose bond we recommend in this issue has quietly transformed itself from a traditional ethanol producer into a biotech innovator – unlocking more from every kernel of corn than anyone thought possible.

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.

“Zeroes”, Tight Spreads, and Why the CEO Rushed Back From Singapore

In this special edition of the Daily Journal, Martin Fridson, Wall Street’s Dean of High Yield, shows how companies looking to raise capital tend to issue new bonds into an environment that benefits them, and not investors. Marty uses his decades in the sector to provide insights into how you can get in on the right side of the bond market.