Events

Cross-Capital Analytics: Uncovering Stock and Debt Mis-pricings by Combining Equity and Credit Research

By Professor Joel Litman

Chief Investment Strategist at Valens Research

Date

Thursday, 14th July 2016

Schedule

Thursday, July 14, 2016 9:45am – 10:45am EDT

Location

Cooper Union, 41 Cooper Square
Entrance at 7th Street and Cooper Square (which is actually 3rd Avenue)

Language: English

In early 2015, AMD was trading around $2.50. A Barron’s article suggested the stock could double, in large part due to an improving credit profile and research showing superior credit analysis.

 

Today, the stock is close to $5 per share – as AMD’s Intrinsic credit default risk has fallen. (Meanwhile, Moody’s still rates AMD as a very deep junk CCC rating which seems to have been ignored by the equity markets, and rightly so.)

 

To this day, equity and credit research is conducted by different teams, different divisions or totally different companies. Seldom do analysts across the cap structure read each other’s research, let alone meet to even compare notes.

 

By combining equity and credit analysis, investors and business leaders can see early signals of breakdowns and opportunities across capital markets.

 

To be a great equity investor, one needs to be a solid credit analyst. This program covers steps toward that opportunity.

 

Registration is required, seating is very limited.

Register for this Program

You don’t have access to the Valens Research Premium Application.

To get access to our best content including the highly regarded Conviction Long List and Market Phase Cycle macro newsletter, please contact our Client Relations Team at 630-841-0683 or email client.relations@valens-research.com.

Please fill out the fields below so that our client relations team can contact you

Or contact our Client Relationship Team at 630-841-0683