TY - JOUR T1 - The Laws of Nature in the Distressed Securities Marketplace JF - Turnaround Management SP - 84 LP - 90 VL - 2002 IS - 1 AU - Maria Boyazny Y1 - 2002/03/20 UR - http://guides.pm-research.com/content/2002/1/84.abstract N2 - Last year has been officially recognized as the worst year for the U.S. economy in the last 10 years, plagued by disappointing earnings and business failures. High-yield defaults more than doubled in 2001 when compared to 2000 and more than tripled those in 1990 and 1991. Businesses in desperate need of restructuring represent a perfect opportunity for those willing to take on the challenges of this market. Investors of distressed assets have the best environment for investing since the early 1990's. The author covers several trading strategies. ER -