What do you read in an offering memorandum before you invest?

It would be ideal if you have the time to read those OMs cover to cover before you invest, but in real life, you have maybe a day or 2 from when the 150-to-450-page OM is available and when the offer goes out. So in such conditions, what sections in an offering are a MUST for you to read before you invest?

As for me, it is the risks, business overview, details on the offering, covenants (for bond issuance) and board of directors.

What about you monkeys?

4 Comments
 

the fact that no one replied to this post tells me volumes of the type of members in WSO...a bunch of college kids that have no real interest/understanding of the capital markets...pretty sad actually.

 

Or they've seen you posting before and know you're a waste of their time.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

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