Posts tagged ‘capital structure’

Navigating Macro Headwinds While Searching for Yield – A Capital Structure Approach



You walk into work one morning, fill up your coffee cup, turn on your computer, and click over to your favorite news site. In an instant, you see there’s rioting in the streets of Istanbul. Argentina’s currency is in a freefall. The Federal Reserve has hiked interest rates unexpectedly, while…

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Concrete Concepts for High Yield Research: Part 2



Last week, I introduced the idea of ten concrete concepts that our high yield research team uses to help summarize the many interacting factors and variables that make high yield a unique and challenging asset class. In my previous blog post, I covered the first five: cash flow, capital, cushion,…

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