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Distressed Securities

   Also found in: Wikipedia 0.04 sec.
Distressed Securities
A company that is currently going through hard times and, as a result, the market value of its securities or assets fall substantially in value.

Notes:
These securities then become attractive to bottom fishers or vultures.

Sometimes also known as a distressed asset.

Distressed securities
A security of a firm that has declared or is about to declare bankruptcy. In the context of hedge funds, a style of management that focuses on securities of companies that have declared bankruptcy and may be undergoing reorganization. Investment holdings can include bonds as well as stock in these firms.


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Well, of course, we buy distressed securities from motivated sellers.
Orange County taps L.A. law firm for bankruptcy guidance by Cole, Benjamin Mark / Los Angeles Business Journal
In a study Foothill Group commissioned, it was estimated that the total market value of distressed securities and bank debt and trade claims in default is about $200 billion, with a book value of $300 billion, while there is so far only $5 billion under active management by investment firms dedicated to this area.
Foothill Capital establishes fund to invest in troubled bank loans by Blackman, Peter F. / Los Angeles Business Journal
NYSE: JEF), today announced the hiring of Kenton Jernigan, who joins as Managing Director and head of the firm's European institutional high yield and distressed securities sales and trading effort.
Jefferies Appoints New Head of European High Yield Sales & Trading by Business Wire
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