TY - JOUR T1 - Distressed Acquisitions: <em>Sometimes Boast An</em> <br/> <em>Uncanny Resemblance To Three-Card Monte … You</em> <br/> <em>Can Lose The Moment You Decide To</em> <br/> <em>Enter The Game!</em> JF - The Journal of Investing SP - 128 LP - 131 DO - 10.3905/joi.2013.22.1.128 VL - 22 IS - 1 AU - Harry Gray AU - Chad Greenway AU - Don Bibeault AU - Christian Metzger Y1 - 2013/02/28 UR - https://pm-research.com/content/22/1/128.abstract N2 - These days, many first-time distressed investors will rush to scoop up incredible opportunities without apprehension. It must be easy, they think. We?ll just buy low, operate our way through the upturn, and sell high. Plus, multiples will be higher at exit, and we can refinance when credit eases. Everything will go according to plan. After all, control investments in troubled companies just need a new management team and some cost cutting, right? Caveat emptor … there are many tripwires and pitfalls in the distressed investing jungle. In this article, we share some tidbits gathered along our journey as both corporate performance experts and distressed private equity professionals.TOPICS: Private equity, wealth management ER -