Day Two Of The Porter & Co. Annual Conference

Small Caps, Leverage, Stock-Bond Combos, And A New Way To Finance

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• Small Caps, Leverage, Stock-Bond Combos, And A New …

Porter & Co.’s two-day Annual Conference finished up yesterday at Porter’s farm just outside Baltimore. Partner Pass members gathered for food, conviviality, and A-list financial presentations. The agenda for day two included more than a dozen presentations, a panel discussion with Porter & Co. editors, and a live recording of the Black Label podcast.

Better known for his poetry than his stand-up, Distressed Investing senior analyst Marty Fridson (above) started off his presentation by asking the audience if anyone knows why the government is not investigating the fact that only one company makes the board game Monopoly…

Marty comes to Porter & Co. with decades of experience in the world of distressed investing… having led research teams at leading Wall Street banks, including Salomon Brothers and Morgan Stanley. To date, the eight open bond positions in the Distressed Investing portfolio are up 26%.

Marty shared with attendees the concept of topping off a bond purchase with a stock purchase.