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xi | |
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xiii | |
Preface and Acknowledgments |
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xvii | |
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Challenging the Propensity to Fail |
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1 | (12) |
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2 | (4) |
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6 | (3) |
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The Route away from Failure |
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9 | (4) |
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Financial Reasons for Failure |
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13 | (4) |
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Getting Caught in the Cash-Flow Cycle |
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17 | (12) |
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20 | (1) |
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21 | (8) |
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Getting Buried under Current Assets |
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29 | (8) |
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Bowmar Instruments: Too Many Current Assets |
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31 | (3) |
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W.T. Grant: Too Many and Then Too Few Current Assets |
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34 | (3) |
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Getting Squeezed by Equipment |
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37 | (14) |
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43 | (1) |
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44 | (7) |
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Getting Lost with Too Little Capital |
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51 | (18) |
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Comparing High Debt to High Equity |
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53 | (3) |
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Comparing Debt Levels across Firms |
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56 | (1) |
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Deciding When There Is Too Much Debt |
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57 | (2) |
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Dome Petroleum: Waiting Too Long to Sell Stock |
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59 | (3) |
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Computer Devices: The Case of David against Goliath |
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62 | (7) |
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Getting Pinched by Short Term Debt |
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69 | (12) |
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Interest for Risk: The Yield Curve |
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69 | (3) |
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72 | (1) |
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73 | (8) |
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Detecting Future Bankruptcies |
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81 | (12) |
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82 | (2) |
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Detecting Failures with Financial Ratios |
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84 | (4) |
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88 | (5) |
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Strategies for the Near-Bankrupt |
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93 | (14) |
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Strategies That Might Help |
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94 | (1) |
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Asset Maneuvers: Storage Technology, Pan American Airways, Crompton |
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95 | (2) |
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Liability Maneuvers: Mattel, Chrysler, Sonoma Vineyards, Astro Drilling, Holywell |
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97 | (5) |
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Company Maneuvers: Eagle Computer, Farah Manufacturing, Frontier Airlines, Wien Airlines, Data Terminal Systems |
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102 | (5) |
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Investing in Bankrupt Companies |
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107 | (8) |
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Three Rules for Bankruptcy Investing |
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107 | (3) |
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110 | (1) |
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Choosing Which Bankrupts to Buy |
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110 | (5) |
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115 | (4) |
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The Lessons of Bankruptcy |
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115 | (1) |
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The Strategic Use of Bankruptcy |
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116 | (3) |
Appendix A: The Failure Record |
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119 | (10) |
Appendix B: Basic Accounting for Nonfinancial Readers |
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129 | (8) |
Notes |
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137 | (2) |
Glossary |
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139 | (2) |
Bibliography |
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141 | (2) |
Index |
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143 | (6) |
About the Author |
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149 | |