Billionaire Wilbur Ross showing increased interest in companies that find themselves in a difficult financial situation - by AMarkets materials.
In the area of "hunting" - the segments of maritime transport, machinery, mining. The expert argues that the possibility for a bargain there in times when markets are most detached from reality. Currently, shares of companies involved in shipping, trading at a maximum discount. Companies associated with major appliances also greatly underestimated due to the fact that the minimum capital to invest in development. In addition, Ross has long been buying shares of oil companies, which have already fallen into the cycle of defaults and bankruptcies. But it is difficult to catch the inexperienced player to "goldfish" - warned the billionaire investor. The rally in the energy market has pushed prices up, and big investors have already started to sell paper industry to take profits.
Earlier this year, Ross informed Bloomberg that he plans to buy a little "bad" debt of the Chinese. Now, however, investors abandoned the idea to communicate with Chinese credit instruments due to intensified a vicious relationship between the Chinese public sector, state companies, banks and the market.