This comprehensive new study examines the impact of the 1978 Bankruptcy Reform Act on firms that file under Chapter 11 and on investors who own shares or bonds in financially distressed corporations. Demonstrating that high average returns often accompany wise investment choices concerning bankrupt firms, the authors explain how to spot potential investment targets, assess investment risk, and profit from investing in firms undergoing reorganization following a bankruptcy filing. Both individual and institutional investors looking for new investment opportunities and students of corporate finance and financial management will find important new insights into the investment potential of financially distressed firms. Investing in Financially Distressed Firms represents a good buy for those who would like to hunt bargains in the broken angel sector of the market. Journal of High Yield Bond Research
This comprehensive new study examines the impact of the 1978 Bankruptcy Reform Act on firms that file under Chapter 11 and on investors who own shares or bonds in financially distressed corporations. Demonstrating that high average returns often accompany wise investment choices concerning bankrupt firms, the authors explain how to spot potential investment targets, assess investment risk, and profit from investing in firms undergoing reorganization following a bankruptcy filing. The legal issues involved in investing in bankrupt firms, the environment within which the bankrupt firm operates, and the relationship between stock market efficiency and bankrupt firms also receive thorough coverage. Both individual and institutional investors looking for new investment opportunities and students of corporate finance and financial management will find here important new insights into the investment potential of financially distressed firms.
The volume begins with an introduction which sets the stage for the discussion that follows by describing the reasons for the increasing rates of corporate bankruptcy in the 1980s. The authors go on to explore the incentives for investing in bankrupt firms and offer pointers for investors considering such a move. In order to provide the reader with the tools necessary to evaluate potential investment opportunities, the authors also describe the reasons for corporate financial failure, the effects of reorganization on a firm, the differences between old and new bankruptcy laws, and the legal settlement of bankruptcy claims. An analytical model for predicting successful reorganization--and thus a potentially lucrative investment target--is described and illustrated as are models of stock market efficiency. The study concludes with four detailed case studies that illustrate the process of bankruptcy and the possible investment outcomes. The text is accompanied by numerous explanatory tables and figures.

Investing in Financially Distressed Firms: A Guide to Pre- and Post-Bankruptcy Opportunities (251)

Business & Money

Ramaswami, Murali

Moeller, Susan

Economics

Praeger

Packaging Terrorism investigates how American media have identified and covered international terrorism and violence since September 11, 2001. <ul>
<li>Compares US coverage with that of British and Arab media</li> <li>Discusses the priorities, assumptions, political debates, deadline pressures and bottom-line considerations that will continue to influence coverage in the future</li> <li>Suggests how terrorism could be better covered by the media going forwards</li> </ul>

Packaging Terrorism: Co-opting the News for Politics and Profit

Politics & Social Sciences

Social Sciences

Wiley/Blackwell

Packaging Terrorism: Co-Opting the News for Politics and Profit

Packaging Terrorism: Co-opting the News for Politics and Profit (Communication in the Public Interest)

See the best price to sell, buy, or rent books by Moeller, Susan. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Moeller, Susan