A subreddit about value investing, feel free to discuss any companies/stocks that interest you and various approaches to finding intrinsic value and a margin of safety. Please no spamming. Useful links Events Financial News • • • • • • • • Financial Information • • • • Financial Modeling • • • • • Finance Podcasts • • • • • • • • • • • • • • Government Resources • • • • • • • Portfolio Management & Screeners • • • • • • • • • • • Publications • • Stock Exchanges • • • • • • • • • • • • • • • • • • • • • • • • • • Stock Simulators • • Value Investing Resources • • • • • •. I am working on creating a PDF repository for the reading list in the sidebar.

I have went through all the categories but Real Estate Investing, Valuation, Options, Risk Management, and History. Below is the list of books that I have been able to find and the ones I have not been able to find or I have not been able to find a version from a non-shady website. It would be helpful if you could please help me find the books that I don't have. SHOULD I share this using MEGA? I'll download, the rest during the day, I have been busy. Does anyone have any of the books listed below? Download Software Img2gps Software on this page. I'll appreciate if you can share with me.

I'll download the other books on the list above not already in the Mega file later tonight. Anthony Saunders's Financial Markets and Institutions 8th Edition: A risk Management Approach and Financial Markets and Institutions (The Mcgraw-Hill / Irwin Series in Finance, Insurance and Real Estate)? Stephan Penman's Financial Statements Analysis, Real Estate Finance & Investments by William Brueggeman et al Mergers, Acquisitions, and Other Restructuring Activities, Eighth Edition by Donald DePamphilis Valuation: The Art and Science of Corporate Investment Decisions (3rd Edition) (The Pearson Series in Finance) by Sheridan Titman et al.

Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Controlling Risk by Richard Grinold et al. Behavioral Corporate Finance (McGraw-Hill/Irwin Series in Finance, Insurance, and Real Est) by Hersh Shefrin Fixed Income Securities: Valuation, Risk, and Risk Management by Pietro Veronesi Analysis of Financial Statements by Leopold Bernstein The Theory of Investment Value by John Burr Williams Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street by William Poundstone Distressed Securities: Analyzing and Evaluating Market Potential and Investment Risk by Edward I.

A Primer on Distressed Investing. They acquire control of the distressed firm’s assets by investing in its debt prior to the restructuring.

Altman Bankruptcy Investing - How to Profit From Distressed Companies by Ben Branch Understanding Credit Derivatives and Related Instruments, Second Edition by Antulio N. Bomfim Bankruptcy Code, Rules, and Official Forms, 2015 Law School Edition (Selected Statutes) by Publishers Editorial Staff Editorial Staff The Vulture Investors, Revised and Updated by Hilary Rosenberg The Movie Business: The Definitive Guide to the Legal and Financial Se by Kelly Crabb Style Investing: Unique Insight Into Equity Management by Richard Bernstein Navigate the Noise: Investing in the New Age of Media and Hype by Richard Bernstein Securities Markets (Mcgraw Hill Series in Finance) by Kenneth D. Garbade Bankruptcy, Credit Risk, and High Yield Junk Bonds by Edward I. Altman Risk Takers: Uses and Abuses of Financial Derivatives (2nd Edition) by John Marthinsen Valuation: Measuring and Managing the Value of Companies (Wiley Finance) by McKinsey & Company Inc.

The seminar was geared towards—and mostly attended by—investors fairly new to distressed investing. From conversations with other attendees it seemed the majority were “equity guys” who wanted to get involved with distressed investing. For the handful of experienced distressed investors the seminar served more as a review. And while the “distressed guys” may not have been exposed to any new concepts, it was both very interesting and highly impressive to hear Steve discuss numerous bankruptcy cases.

From his examples it seemed like he was involved in every meaningful case for the last two decades, which probably isn’t that far from the truth. First, the topic of supply and demand for distressed assets in the coming years was discussed. As previously discussed on this blog, most of the distressed community expects default rates to remain elevated for the next several years.

However, unlike many past high-default periods, there has been an unprecedented amount of capital raised by distressed investing vehicles (hedge funds, asset managers, private equity) prior to the peak in defaults. Moyer believes the total amount of “new capital” raised for distressed investing to be in the $60-80 billion range. That said, he believes this level of distressed demand will be commiserate with the amount of future distressed opportunities and shouldn’t cause undue pressure on returns. The second interesting topic was Steve’s discussion of the GM/Chrysler bankruptcies and their potential role as precedents for future bankruptcies. On this topic he was relatively “bearish” in that he thinks there is a good chance that future bankruptcy cases will cite the GM/Chrysler decisions as precedents for screwing different classes of claims.

His advice, predictably, was to more carefully analyze and/or avoid situations where the government may be involved. Pressed further though, he also seemed a bit concerned that there could be problems with cases not involving the government. Now, as a disclaimer, it’s important to note that PIMCO was one of, if not the largest GM bondholder and his comments are probably colored as such. His opinion on this matter stands in stark contrast to those expressed by several participants at the Global Distressed Investing Forum, where the consensus was that GM/Chrysler as case law would be a non-event. Anecdotally, Mr. Moyer made an ironic comment regarding the “holdout problem” in debt exchanges.

For those unfamiliar, when a company proposes a debt exchange existing holders are often asked to take a haircut on their principal amount, among other things, in exchange for the company improving its balance sheet and hopefully staying out of bankruptcy court. Sakal Sandhya Bengali Movie Video Songs Download. However, assuming the exchange is successful bondholders who do not exchange will be (economically) advantaged relative to their non-exchanging peers. Paradoxically, if there are too many holdouts then the exchange will fail.

While discussing this very issue, Steve lamented that when he thinks of the holdout problem, he “always pictures some New York slicksters” [as the holdouts]. I thought this was pretty ballsy considering PIMCO pulled off the mother-of-all holdouts when they backed out of the GMAC exchange at the last minute, leaving the company short of its minimum participation level.

This website is about distressed debt investing. Under no circumstances is this an offer to sell or a solicitation to buy securities discussed on this site. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. Distressed-Debt-Investing.com, its editor and/or related parties may have positions in companies discussed. All data, information and opinions are subject to change without notice. Copyright © Reorg Research, Inc.