The updated, real-world guide to interpreting and unpacking GAAP and non-GAAP financial
statements In Financial Statement Analysis, 5th Edition, leading investment authority Martin …

Non-investment-grade debt offerings have a reputation as “story bonds” for which objective
valuation criteria are difficult to establish. Nevertheless, 56 percent of the variance in risk …

The book that fills the practitioner need for a distillation of the most important tools and concepts
of corporate finance In today's competitive business environment, companies must find …

Asserts that nominal interest rates are not highly correlated with aggregate default rates on
high-yield bonds. Relation between nominal interest rates and default rates; Possibility of …

From Benjamin Graham's day to the present, market participants have debated the relative
investment merits of fallen angels and original issue high yield bonds. Analysis over the most …

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research, Martin Fridson is able … Ross Perot" Martin Fridson has created the ultimate roadmap …

Exploitable seasonal patterns in high-yield bond returns are not limited to the widely studied"
January effect." On average, the high-yield sector outperforms 10-year Treasuries by a …

What, if anything, do the most spectacular, high-performance periods of the twentieth-century
stock market have in common? And most importantly: Can we predict when they will occur …

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Previous research has found systematic underpricing of newly floated securities vis-à-vis
secondary market levels. This conclusion is based on the observation that primary issues …