Category Archives: Bankruptcy

Professor Edward Altman’s Z-Score Measure is Featured

The following is an excerpt from USA Today: Ever hear of the Altman Z-Score? If not, it’s time to start – just ask investors in Caesars Entertainment (CZR). Caesars’ shares Thursday are down nearly 8% to $11.72 on news one … Continue reading

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NYU Stern Professor Edward Altman’s Research on Chapter 11 Bankruptcy is Cited

The following is an excerpt from the Wall Street Journal: Through data collected from 1984 to 2013, New York University Professor Edward Altman found two factors are most indicative of a debtor filing again: its profitability upon its first emergence … Continue reading

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Professor Ed Altman’s Z-Score is Featured

The following is an excerpt from USA Today: Does it seem you’re the last to know when a company is in serious financial trouble and end up holding the worthless stock? There’s an early warning system all investors need to … Continue reading

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Professor Ed Altman’s Research on Bond Defaults is Cited

The following is an excerpt from Forbes. If Energy Future Holdings files for bankruptcy, a buying opportunity may arise in the iShares iBoxx High Yield Corporate Bond ETF (HYG). This would be strictly a short-term trade, appropriate only for aggressive … Continue reading

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Ed Altman’s Bankruptcy Research is Highlighted

The following is an excerpt from Chicago Tribune:  (Reuters) – Global Aviation Holdings Inc may not be a household name, but it should be familiar to bankruptcy lawyers. On Tuesday, the charter air transport firm filed what is likely a … Continue reading

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Prof. Ed Altman on Failure Prediction Models

The following is an excerpt from a Treasury and Risk article entitled, “Know Thy Banking Partners.” Edward Altman, a finance professor at New York University’s Stern School of Business who devised a formula, the Z-score, for predicting corporate defaults, cautioned … Continue reading

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Prof. Ed Altman on Corporate Debt: WSJ “Debt Makes a Comeback”

NYU Stern Professor and inventor of the Z-Score tool Ed Altman was quoted in the Wall Street Journal this week regarding the health of corporations. The following is an excerpt from the WSJ article “Financial Crisis Anniversary: For Corporations and … Continue reading

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Ed Altman to Launch New ETF for Distressed Debt

NYU Stern Professor Ed Altman’s latest project was highlighted in the Wall Street Journal. Altman, inventor of the Z-score model and Z-score+ app, is set to release a new exchange-traded fund (ETF) called “Market Vectors-Altman Default & Distressed Bond ETF.” … Continue reading

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Breaking the bank-sovereign nexus

The following Op-ed was written by Viral Acharya on livemint.com, “Breaking the bank-sovereign nexus: The ownership structure of India’s debt seems problematic from the view of financial and economic stability” The unique feature of the global financial crisis that began … Continue reading

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No More Lifelines for Struggling Companies?

Declining bankruptcies and Chapter 11 cases might sound like a good thing, but after taking a closer look, NYU Stern Professor Ed Altman notes otherwise. Altman was quoted in Bloomberg News, stating that salvaging questionable companies can lead to fragile … Continue reading

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