The Art of Vulture Investing Adventures in Distressed Securities Management

by Schultze, George; Lewis, Janet

• ISBN13: 9780470872642
• ISBN10: 0470872640
• Edition: 1st
• Format: Hardcover
• Copyright: 2012-09-24
• Publisher: Wiley

Summary

A detailed look at the discipline of modern distressed investing Investing in distressed securities/financially troubled credits is an approach that contains both great risk and opportunity. Occurrences from the recent credit crisis have changed this playing field immensely, not so much in terms of actual laws being revised but in the government's larger role. What are the repercussions of the crisis and its bailouts on lending to financially troubled companies? Do the same approaches that have been used for over sixty years still hold true or have some of the rules changed? The Art of Vulture Investing will answer these, and many other, important questions. An expert in the field distressed investing, author George Schultze understands the risks and opportunities of investing in financially troubled companies, especially in the wake of a shaken credit industry and sizeable government bailouts. Now, in The Art of Vulture Investing, he shares his extensive insights and expertise with you. Throughout this book, he skillfully discusses distressed security investing theory and strategy, while presenting current examples in order to reveal how the landscape has changed in recent years. Offers valuable information on post-financial crisis distressed security investing Examines the opportunities and dilemmas of the modern portfolio manager who invests in distressed securities Includes in-depth case studies of Chrysler and Tropicana If you're looking to enhance your understanding of the distressed investing discipline, this book is the best place to start.

Author Biography

GEORGE J. SCHULTZE is a highly regarded authority on distressed securities investing who has been active in this field since 1994. In 1998, he founded Schultze Asset Management, LLC to offer global clients an opportunity to co-invest through a variety of investment vehicles. He is a frequentspeaker at investment conferences and has been interviewed by journalists from Bloomberg, Fox, CNBC, TheStreet.com, CNN, the Wall Street Journal, the Dow Jones Daily Bankruptcy Review, and many others. He is a director of the Hedge Fund Association and is also active in philanthropic activities through the Schultze Foundation. Mr. Schultze earned MBA and JD degrees from Columbia University.

JANET LEWIS is a writer, editor, and marketing/PR consultant with more than twenty years of experiencecovering all aspects of finance. Ms. Lewis has written for publications in New York, London, and Paris including Fortune, the Banker, Global Finance, the European, Dealmaker, FX Week, where she served as European editor, and Institutional Investor, where she was associate editor.

Table of Contents

Properties and Definitions of Digital ICS

Diodes

Bipolar Junction Transistors

DiodeâÇôTransistor Logic (DTL)

Schottky TransistorâÇôTransistor (STTL)

Other TTL Gates

Basic EmitterâÇôCoupled Logic (ECL)

MECL III and ECL 10K

Other ECL Gates

Introduction to MOS Digital Circuits

Resistor Loaded NMOS Inverter

EnhancementâÇôDepletion Loaded NMOS Inverter

NMOS Gates

CMOS Inverter

CMOS TriâÇôState Gates

CMOS Drivers

Dynamic CMOS

BiCMOS

Latches and FlipâÇôFlops

Semiconductor ReadâÇôOnly Memories

Direct Coupled NMESFET Logic (DCFL) Inverter

Schottky Diode NMESFET Logic (SDFL) Inverter

Other Gallium Arsenide Logic Family Inverters

Gallium Arsenide NMESFET Gates

Appendices

Supplementary Reading

Selected Answers

Index

Table of Contents provided by Publisher. All Rights Reserved.