Am looking for something focused more on going concern credit analysis (with a quantitative/modeling bent, if possible) than Moyer, who is focused on the bankruptcy process and valuing distressed (essentially gone concern) firms. Thanks.
Trending Content - Off Topic Forum
| +56 | How accurate is Suits? | 19 | 41m |
| +41 | I wish I went to an Ivy | 15 | 17h |
| +31 | How tall are you? | 31 | 2h |
| +13 | Who is your current crush? | 27 | 14h |
| +13 | Trapped With No Way Out | 3 | 3d |
| +11 | Deldeldel | 8 | 21h |
| +10 | For WSO users from NYC: What is your favorite NYC Football team? | 10 | 1d |
| +8 | Is there a solution to this spam? | 2 | 1h |
| +6 | Best UE/Seamless orders? | 1 | 1d |
| Rough Breakup | 6 | 1h |
Career Resources
I'm interested in this as well if there is anything recommended. Thanks
S&P corporate credit analysis, leveraged finance capital markets, buyout
Just found this: http://www.amazon.com/Pragmatists-Guide-Leveraged-Finance-Corporate/dp/…
Looks fairly basic but seems to cover a lot of topics.
Reading Material for a High Yield SA Stint (Originally Posted: 06/01/2014)
Monkeys,
Looking to do some reading prior to my SA stint on a High Yield desk in DCM. Ideally something that will expose me to LBO modelling, high yield jargon, bond basics, etc.
I've got my eye on "Distressed Debt Analysis", "Buyout". Any other thoughts are welcome
Thanks
Hi Volatilebob,
I have a couple of recommendations:
One is a book I used to prep before I went on a distressed desk on the buy-side for a summer: it's called 'Leveraged Financial Markets' - it gives you a good introduction to the field, and includes a decent checklist/ framework detailing the analysis steps.
A second one is one that was only published last year - called 'Leveraged Buyouts' - it touches on the basics, and goes into considerable detail into the practicalities of modelling.
You'll also (if you have enough time) want to check out the classic 'Investment Banking' by Rosenbaum and Pearl - although it covers much that will not necessarily be useful for you (such as merger modelling), IMHO, and in many others, it's a great introduction to the core principles of modelling for any company.
In terms of order of reading, I'd recommend:
1.) Investment Banking 2.) Leveraged Financial Markets 3.) Leveraged Buyouts 4.) Distressed Debt Analysis (a great book, but you'll want to master the basics first as this gets into some v. advanced topics such as Chapter 11s etc)
Btw, check your PMs - SB much appreciated :)
High yield bond primer: https://www.lcdcomps.com/d/pdf/hyprimer.pdf Leveraged loan primer: https://www.lcdcomps.com/lcd/na/2012/09/07/2013%20Guide%20To%20The%20US… Credit stuff: http://www.wallstreetoasis.com/blog/focus-on-the-downside-brushing-up-o…
High Yield Credit Reading (Originally Posted: 04/09/2012)
I am summering at an Asset Management firm in LA (e.g. Oaktree, TCW, Capital Group, etc.) in their high yield corporate credit group and I want to be prepared before I start. Any suggested readings (other than Fabozzi) on high yield analysis? I've heard it is essentially the same as equity research but does anyone know any specific modeling techniques and/or books I should read prior to starting?
Thanks!
http://www.distressed-debt-investing.com/
http://www.amazon.com/Leveraged-Finance-Concepts-High-Yield-Derivatives…
Congrats bro, especially if it's Oaktree. Marks is the man. Check out pimco's site. I believe they publish a lot of papers by various PM's in different strategies.
Here is a link to their insights page, i'm sure there is HY stuff in there. Not sure who runs the group now, but Gross took over for Hudoff a few years ago.
http://investments.pimco.com/Literature/Insights/Pages/insights.aspx?Le…
[quote=Something Creative]Congrats bro, especially if it's Oaktree. Marks is the man. Check out pimco's site. I believe they publish a lot of papers by various PM's in different strategies.
Here is a link to their insights page, i'm sure there is HY stuff in there. Not sure who runs the group now, but Gross took over for Hudoff a few years ago.
http://investments.pimco.com/Literature/Insights/Pages/insights.aspx?Le…]
Thanks for the info, I'll definitely check that out.
Out of curiosity-are you an MBA student or undergrad?
Master's student.
Sit corrupti deserunt eveniet voluptates. Ipsam aut architecto quisquam. Fuga est debitis eveniet.
Nobis sint ullam exercitationem et deleniti. Voluptatem quas minima autem dolorem ab. Et pariatur in ut exercitationem accusantium illo voluptatem.
Itaque blanditiis et animi. Voluptatem architecto accusantium expedita quia aut eos. Ipsam accusamus officiis sed expedita soluta impedit consectetur. Vel modi vitae facere adipisci.
Accusamus ullam dignissimos saepe quo consequatur hic incidunt et. Alias pariatur possimus similique maxime rerum blanditiis est dolor. Pariatur officia necessitatibus qui eum. Doloremque aspernatur explicabo et. Quisquam et exercitationem qui optio. Ratione provident non quis aliquam voluptas.
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...