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Rating: 
Summary: The new edition is better than the previous two
Review: These guys have provided the new update that was needed. I made money on the first edition, but there have been some changes and they have covered them. Morgan came out with a report saying pretty much the same thing a couple of months back.It would be hard to lose money if you take the book's advice per the report. This book really gets you through the technical stuff with ease. Money well spent.
Rating:
Summary: Absolutely Terrific Introduction into Bankruptcy Investing
Review: Great introduction and overview of the world of distressed and bankruptcy investing. The authors managed to synthesize a very complicated subject into an easy-to-read and understandible book. Of course no one book can cover the entire subject in detail, but this one comes amazingly close. Highly recommended.
Rating:
Summary: Absolutely Terrific Introduction into Bankruptcy Investing
Review: Great introduction and overview of the world of distressed and bankruptcy investing. The authors managed to synthesize a very complicated subject into an easy-to-read and understandible book. Of course no one book can cover the entire subject in detail, but this one comes amazingly close. Highly recommended.
Rating: 
Summary: Very poor content and presentation
Review: I was really disappointed with this book, particularly given that it was written by seasoned bankruptcy experts. The book is very skinny on content - it spends about 30 pages on bankruptcy law and its procedures, a few on case studies that are superficial/poorly written and several on bond analysis, and standard research tools that are well-known to a person with basic financial knowledge, ie the sort of people who would be interested in something relatively exotic as Bankruptcy Investing. The few useful pages that there are are marred by poor writing, and a complete absence of analytical frameworks that stay with the reader. Bankruptcy is a complex topic and there is a need for a book of the sort Branch and Ray have attempted. However, this is most certainly not that book.
Rating:
Summary: Fabulous book
Review: This book has everything I needed to make money in this market. They do need to update their data and bring it forward, but the analysis is first rate and the methodology was very new to me although quite understandable in plain english for someone without a law degree or an mba. I now understand what is going on here and I can see how the vulture investors get the large returns. I reread the first part after several months of buying and it all still held together. Interesting and moneymaking as well.
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