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Zombie Companies roaming LBO Land in a long distressed cycle

There was a spike in defaults when the recession occurred, but these companies have a common characteristic: fundamental business or highly cyclical problems.

Jason MudrickMany investors are asking if this distressed cycle is over. The simple answer is absolutely not. We are, in fact, still in the first inning of a cycle that will not peak until 2014. To provide some perspective let’s first distinguish between what happened in the last twelve

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