Dr. Edward Altman Says Commercial Bankruptcies Are Set to Spike in 2024-25
Octus Radio
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The Future of Zombies in the US
The negativity of having zombies outweighs the positivity of perhaps providing employment for workers and strategic industries, he says. "There's only two places you can go, heaven or hell" in high-yield bond market: Hell is buying distressed bonds with a very high yield that goes back to par and pays off at maturity. In U.S., about 10 to 15 percent of zombie firms actually thought getting profitable enough to cover their interest would make them more viable than bankruptcy.
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