Word: fridson
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Dates: during 2000-2009
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Analysts say dozens of smaller businesses have the same or worse predicament. "If the biggest companies in the nation are having a tougher time getting financing, then it's going to be much more difficult for smaller firms to get credit," says Martin Fridson, whose firm Fridson Investment Advisors analyses corporate bonds...
...afterward. “Floating was a mistake, but it worked out well,” Payan said. “I saw it as an opportunity to make more friends and meet more people.” When her blocking plans collapsed at the last minute, Arielle A. Fridson ’08 ended up floating. She’s happy she did. “These are people I might never have met given how easy it is to fall back on freshman year acquaintances, but now they’re the ones I can?...
...reason for the higher spread is that we're in a recession and junk-bond default rates have been rising well beyond the average 3.5% a year. Nearly 1 in 10 junk-bond issues has stopped paying interest, and Martin Fridson, chief high-yield strategist at Merrill Lynch, predicts the rate will rise further next year--probably narrowly topping the record default rate of 10.3%, in 1991. But that will be the worst of it, he says, and he notes that "the last time we had record default rates, we had record returns...
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