bc0e6d7f_ue_Investing__Timeless_Reading__Description
[Title] Valuing Declining and Distressed Companies (The 2009 edition) [Download] Download paper as pdf file [Description] 
We face two key problems in valuing declining and distressed companies. The first is that these firms rather than growing over time may shrink, both in terms of revenues and margins. The second is that many of these firms will not survivie as going concerns. In this paper, we deal with both issues and how to reflect them in valuation.
Value Investing: Timeless Reading
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