By Daily Crux Editor Sean Goldsmith:
Marty Whitman literally wrote the book on distressed investing, and as head of value investing firm Third Avenue, he has made his investors a fortune buying undervalued equities and distressed debt.
In this interview with Value Investor Insight, Whitman discusses the unbelievable deals available in today's market and explains one of his favorite distressed debt investments - real estate developer Forest City Enterprises, which has a yield to maturity of 30%.
Also, if you don't already religiously read
Whitman's quarterly letters from Third Avenue, you should start.
Read full article...
More from Marty Whitman and other gurus:
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Value legend Whitman holds 39% of his portfolio in this sector
Mega real estate mogul: "The economy is worse than it looks"