A Wave Of Equity For Debt Restructurings And Common Stock Offerings Are Coming, by Bruce Berger, author How To Create Wealth Investing In Turnaround Stocks, full bio below
By now every investor understands that the high yield markets have cracked. The frenzy of high yield bond issuance is over but the hangover and consequences are now starting for not just bondholders but common stock owners.
As a turnaround stock Investor I can tell you that the frenzy of debt issuance will have a profound impact on common stock holders. After 30 years of investing in beaten up common stocks typically down over 75%, I have never seen so few clean balance sheets among small cap stocks.
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