Inside the Blood Sport of Creditor-on-Creditor Violence

Bullish:

• $LEGALSERV - Increasing demand for specialized legal expertise in private equity and complex debt contracts suggests a positive outlook for legal services in this area.

  • “There are a set of lawyers who matter in this world and who specialize in private equity and are thought to be, you know, the big brains around these crazy contracts.”

    Sujeet·32:57

Bearish:

• $LEVLOANS - The leveraged loan market has become riskier due to changes in both technical aspects (looser covenants) and social dynamics among lenders.

  • “This market has become much riskier than it used to be for the technical reasons and the social reasons.”

    Sujeet·17:42
• $DISTDEBT - The risks in distressed debt investing currently outweigh the potential returns, making it an unattractive investment.

  • “You're picking up, pennies in front of the steamroller, and that is bad.”

    Sujeet·39:19