Practical analysis for investment professionals


Evergrande: Not So Grand Financial Statements?

Risks can be known in advance. You just need to be curious enough.

The NMC Health Debacle: Four Red Flags?

Could the predictive models have anticipated NMC’s earnings manipulation and bankruptcy risk?

Edward Altman: Where Are We in the Credit Cycle?*

Has the bubble in credit markets achieved new momentum? Edward Altman weighs in.

Weekend Reads for Global Investors: Abenomics, Brexit, and Credit Bubbles

In this edition: recent developments such as Brexit as well as insights from investment luminaries, including a Nobel Laureate's advice to his children on managing money and Edward Altman of Altman Z-score fame on global credit markets.

The Altman Z-Score in Action: Is a Bubble Building in Global Credit Markets?

Edward Altman anticipated the 2008 credit meltdown in 2007. He believes another bubble is building in credit markets today. He explains why in the last installment of his interview with Larry Cao, CFA.

The Altman Z-Score after 50 Years: Use and Misuse

It's been nearly a half century since Edward Altman developed his Z-score model for assessing a company's potential for bankruptcy. In the second part of his interview with Larry Cao, CFA, he discusses how the model is applied and misapplied today.

The Altman Z-Score in Edward Altman’s Own Words

Edward Altman recently spoke with Larry Cao, CFA, in Hong Hong about the Altman Z-score, its original inspiration, evolution, use and misuse, as well as the current credit situation around the world. In this first installment, Altman discusses how the Z-score model was developed and how its latest iterations have built on that initial foundation.

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