February 2012
Intermediate to advanced
288 pages
5h 25m
English
book
A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt
by Robert S. Kricheff
Content preview from A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank DebtBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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19. Management and Ownership
What’s in this chapter:
• Why ownership of the company can matter to the debt holders
• Why management’s history can matter to debt holders
• How to find information on ownership and management
An analyst should always understand a company’s ownership structure and also have a sense of management’s goals and track record whenever possible.
Remember that ownership and management’s first obligation is to the shareholders and that sometimes what is good for shareholders may not be good for debt holders, and vice versa.
As an analyst, you hope to have access to both management and ownership, through conference calls and meetings. You should try to gain insight into what is going on with the business’s operations and what ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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