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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25. The Investment Decision Process
What’s in this chapter:
• Why a process is beneficial
• Factors that cause the investment decision process to vary from business to business
• Points to consider and include in the investment decision process
• Typical investment traps that a process can usually help avoid
Analysis for its own sake is not terribly useful; analysis needs a goal. In leveraged finance, the goal of analysis is usually to make a decision about a debt instrument. Often the decision is to buy, sell, or hold, but it can also be whether you should go ahead with a financing.
To reach a decision, you need a process. It can be either an informal one that you go through by yourself, or a more formalized one that involves a committee or ...
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