Friday, October 23, 2020

Value Investing Analyzing High Yield Bonds

Analyzing High Yield Bonds
Columbia Sportswear Short Thesis
Article for review: Is the Definition of Value Responsible for the Assertion that Value Lags the Market
Quibi could have succeeded
Bonsai Partners Q3 2020 Investor Letter
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Posted: 22 Oct 2020 04:04 PM PDT

Hi All,

I have a question about analyzing bonds. Specifically high yield. When you go about analyzing a stock, you do a DCF and comparable analysis to come to a target price and that allows you to make a buy or sell recommendation. What is the equivalent of this on high yield bonds? I feel like the interest rate is the most important part but how do you forecast the future spread a company will face, given your outlook on the companies cash flows?

Also if you could point me to any resources or books that would be amazing. I am a CFA level III candidate, so it's not like I don't know the basics of most of the topics. It's just the actual process for high yield investing seems less tangible to me.

Thanks in advance!

submitted by /u/IzzyIsMyQueen0604
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Columbia Sportswear Short Thesis

Posted: 23 Oct 2020 12:36 AM PDT

submitted by /u/Beren-
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Article for review: Is the Definition of Value Responsible for the Assertion that Value Lags the Market

Posted: 22 Oct 2020 09:51 AM PDT

https://cypresscoastcapital.wordpress.com/2020/10/22/is-the-definition-of-value-responsible-for-the-assertion-that-value-lags-the-market/

Thoughts welcomed

submitted by /u/ahunnidhandles
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Quibi could have succeeded

Posted: 22 Oct 2020 08:55 AM PDT