The December 22, 2003, edition of Business Week magazine includes an article titled Is Wilbur Ross Crazy?
Question:
The December 22, 2003, edition of Business Week magazine includes an article titled "Is Wilbur Ross Crazy?" You can access the article online.
Required:
Read the article and then answer the following questions:
1. What is distressed investing according to the article?
2. Mr. Ross usually becomes a bondholder but often swaps debt with equity. Why is this riskier?
3. According to the article, what makes Mr. Ross successful (i.e., what is his approach and attitude toward investing)?
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Related Book For 
Financial Accounting
ISBN: 9780070001497
4th Canadian Edition
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
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