Why Companies Fail: Strategies for Detecting, Avoiding, and Profiting from Bankruptcy

Why Companies Fail: Strategies for Detecting, Avoiding, and Profiting from Bankruptcy
ISBN-10
1893122050
ISBN-13
9781893122055
Category
Business & Economics
Pages
147
Language
English
Published
1999
Publisher
Beard Books
Author
Harlan D. Platt

Description

From Debra Ann Hatten - The Christian Science Monitor (Eastern edition) This book, written for the nonfinancial reader, records conventional reasons for business failure: cash-flow problems, taking on too much debt, and starting out with too little capital. But it continues where other books may stop, pointing out to those who are nearly bankrupt how to avoid bankruptcy. It describes reorganization techniques that have pulled companies out of the holein recent years--such as refocusing market niches and converting debt into stock. The book uses minicases to illustrate these methods. The author also gives potential investors a score card to select potential turnaround companies when picking up the high-risk, high-yield bonds (not stocks) of near-bankrupt or bankrupt companies.

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