Entries tagged "turnarounds"
One message rang clear at the two plenary sessions on distressed investing at the second day of the Turnaround Management Association annual convention in New Orleans: Those funds that have money and stayed on the sidelines during the frenzy the last few years have little competition for deals these days, and there are some grand buying opportunities to take advantage of. ...
The main day of the Turnaround Management Association's 2008 annual convention kicked off in New Orleans with a near hour-long keynote address from former General and Secretary of State Colin Powell. In a blue tie, white shirt and dark suit, Powell spoke of the essential role of the organization in troubled times, as it's the turnaround specialists, financial advisers, restructuring attorneys, auctioneers, judges and others that help it deal with distress and survive....
