Looking for good manual/guide/primers on investing in high yield and distressed situations. I’m working through a lot of situations but am worried about what I could be missing. My boss is generally advising on things to look for but I want to jumpstart getting to that stage where I don’t need to rely on him.
Prefer either industry standard or books you have read personally. Thanks.
The five C’s of credit analysis…
http://www.distressed-debt-investing.com/
Distressed Debt Investing by Stephen Moyer. It’s a “must have.”
Great thank you for the responses. Will be ordering Moyer. Regarding high yield I’ve been basically paranoid about missing angles or things management can do to screw you (see: Rite Aid and more recently WLT first liens)
For high yield I spoke w/ my boss and he said that I should just read through a bunch of Offering Memorandums and summarize for him so that he can figure out what I’m missing. He basically said that this would be better than any book some guy writes.
He is correct