O'Reilly logo

A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt by Robert S. Kricheff

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

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 ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required