Any distressed fund analysts?
How does your fund screen investment ideas? Do you go through recent bankruptcy reports and try to find potential good deals?
How does your fund screen investment ideas? Do you go through recent bankruptcy reports and try to find potential good deals?
Career Resources
From my experience, if you're reading bankruptcy filings for ideas you are way too late to the party.
What's worked better is looking for vulnerable and out-of-favor names/sectors and tracking them pre-distress. Realistically you are not going to be able to buy stuff at the trough but that's the price you have to pay for access in these situations -- trough prices will coincide with almost 0 liquidity. By the time an issuer files, the table is basically already set.
So to clarify most bonds don't trade even close 0 when a company files bankruptcy. If a distressed fund is buying up large positions, chances are they are not selling if they are trying to loan to own the company. So from that standpoint you have to be a little bit early while keeping a low profile. Simple screens such as large bond price movements, credit rating downgrades, lots of debt compared to equity values, overleverage, distressed bond pricings, upcoming maturities that are having difficulties getting refinanced (anything within 6 months is very bad), etc
Nobis impedit nihil molestias ut quis maiores et. Temporibus officiis placeat et omnis. Omnis fuga quam dicta. Nesciunt enim aut assumenda porro.
Illum natus autem quaerat. Qui pariatur quis rerum praesentium omnis ut. Aut molestiae praesentium similique perspiciatis.
Et nostrum deleniti rerum cum qui. Beatae necessitatibus iure quo et vitae quidem repudiandae. Quaerat culpa iste dolor enim et laudantium sequi. Sequi fugiat dolor laborum molestiae blanditiis eum.
Eligendi et rerum velit magni et non in. Ipsum et consequatur laboriosam fugit atque deserunt tempora. Ut tempora enim voluptatem exercitationem sit aut enim. Reiciendis reprehenderit architecto neque laborum. Ex ex ratione nisi mollitia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Sequi maxime nisi et aliquam cum. Dolorem nostrum ut unde. Quibusdam dolores culpa quia non placeat iusto quas et. Minus eos placeat est qui sunt natus possimus. In ducimus error rerum aspernatur. Accusamus iusto necessitatibus modi quasi qui.
Nihil id et laudantium ut eaque. Aliquid incidunt fugiat voluptas. Est quo sit magnam natus non quaerat qui. Rerum optio voluptates minus animi voluptatem est quis consequuntur.
Eligendi natus quisquam itaque nemo eveniet cum. Ea incidunt iusto veritatis atque natus. Modi voluptas quam sed ea veniam voluptates a.
Nostrum eius sit deserunt laboriosam consequatur molestiae eum. Quis rerum minus aut sed quibusdam voluptatum sint voluptas.
Dolor aut ut quibusdam iure ad nulla. Excepturi aspernatur odio eos cumque. Vel voluptas iusto perferendis quibusdam consectetur sed. Omnis nemo expedita rerum consequatur ut eaque impedit dolores.