Harlan D. PlattThe First Junk Bond: A Story of Corporate Boom and Bust
A Story of Corporate Boom and Bust
Harlan Platt is a professor of finance in the College of Business Administration at Northeastern University. He has published extensively on three areas related to bankruptcy and workouts: the development of early warning bankruptcy prediction models, the relationship between the economy and bankruptcy, and the yield and resilience of high-yield bonds. He is a member of the board of directors of the Prospect St. High Income Portfolio, which is on the New York Stock Exchange. In addition, he is the faculty dean for the Turnaround Management Association.
LIST OF TABLES AND FIGURES
PREFACE
ACKNOWLEDGMENTS
Chapter 1: Introduction
PART I. THE GROWTH YEARS
Chapter 2: The Beginning
Chapter 3: The Merger with Phoenix Resources
PART II. THE PERIOD OF DECLINE
Chapter 4: Reacting to Industry Conditions
Chapter 5 : Egypt and the Khalda Concession
PART III. DEATH AND REBIRTH
Chapter 6: Three Exchange Offers
Chapter 7: Bankruptcy
Chapter 8: A Restructured Company
PART IV. FINANCIAL LESSONS
Chapter 9: Interview with a Fund Manager
Chapter 10: Interview with a Stockholder
Chapter 11 : Analyzing the Company with a Bankruptcy Prediction Model
Chapter 12: What Have We Learned?
APPENDICES
Appendix A: Oil and Gas Industry Basics
Appendix B: Oil and Gas Accounting
Appendix C: TEI's Four Divisions
Appendix D: Industry Segments
Appendix E: Sources of Finance to Oil and Gas Companies and TEI
Appendix F: Oil and Gas Regulation
Appendix G: Industry Conditions
Appendix H: Egyptian Oil and Gas Production History
Appendix I: The Khalda Concession Financial Model
Appendix J: Original Khalda Concession Terms
BIBLIOGRAPHY
INDEX
ABOUT THE AUTHOR
