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Richard Chesley, a finance and restructuring partner with Paul, Hastings, Janofsky & Walker LLP, examines in a March 24 Deal newsweekly article whether distressed investing offers a silver lining to the current financial storm.
<p>He <a href="http://www.thedeal.com/servlet/ContentServer?cid=1205761090266&pagename=TheDeal%2FNWStArticle&c=TDDArticle">writes</a>:</p>
<blockquote> <p>The increasingly bleak economic news portends a massive financial storm on the horizon, assuming it is not directly overhead. </p> <p>The signs of this tempest are everywhere on Wall Street; from massive bank losses, projections of corporate defaults 10 times that of a year ago, to increasing difficulties within the recently prospering buyout funds. The storm has already engulfed much of Main Street with a precipitous drop in jobs, home values and stock portfolios. This tide has claimed as its victims a growing number of companies in the financial, real estate and retail sectors, and it threatens companies in a widening array of industries. Yet, with economic downturn turning to crisis, there is one group in the financial sector finding new opportunities: the distressed investor.</p> </blockquote> <p><a href="http://www.thedeal.com/servlet/ContentServer?cid=1205761090266&pagename=TheDeal%2FNWStArticle&c=TDDArticle">Read the full story </a></p> Categories Deal Video
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