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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

Brian DeChesare

Distressed Debt Hedge Funds Definition: Distressed debt hedge funds buy and sell debt that is trading at a steep discount to face value, such as 40%+, and make money by betting on changes in the price of this debt or using it to gain influence in a restructuring or bankruptcy process.

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The Zomato IPO: A Bet on Big Markets and Platforms!

Musings on Markets

The second is the cost of capital, a number that most valuation classes and books (including mine) belabor to the point of diminishing returns. The Zomato IPO clocks in at 420 pages , much of it designed to bore readers into submission. In its February 2021 VC round, Zomato was priced at close to 400 billion INR ($5.4

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Data Update 6 for 2023: A Wake up call for the Indebted?

Musings on Markets

The market debt ratio, in contrast, uses the market's estimate of the value of equity, i.e., its market capitalization, as the value of equity. It is one reason that a banking focus on total assets and market value, when lending to a firm, can lead to dysfunctional lending and troubled banks.

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Data Update 1 for 2023: Setting the table!

Musings on Markets

For example, I have seen it asserted that a stock that trades at less than book value is cheap or that a stock that trades at more than twenty times EBITDA is expensive. Price to Book 3. YouTube Video Links Current data from January 2023 (on my webpage) Archived data (on my webpage) Variable definitions. PE & PEG 2.

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Data Update 1 for 2025: The Draw (and Danger) of Data

Musings on Markets

Beta & Risk 1. Standard Deviation in Equity/Firm Value 2. Book Value Multiples 3. While some of the variables are obvious, others are subject to interpretation, and I have a glossary , where you can see the definitions that I use for the accounting variables. Return on Equity 1. Debt Details 1. Buybacks 2.