Research
See AllAbout Complete Investor
The Real Secret To Long-Term Wealth
By putting all of our investment recommendations and strategies into a single product, with complete do-it-for-you portfolios like Porter’s Permanent Portfolio, and adding a lively Roundtable discussion each month, this single membership is truly everything you need to be a complete investor.
Learn MoreAbout Distressed Investing
The Secret To Investing In Distressed Debt
As the corporate debt bubble unwinds, we have partnered with legendary financial author and credit analyst Martin Fridson to take advantage of “the greatest legal transfer of wealth in history.” Martin releases monthly distressed debt and equity recommendations, for Partners only.
Learn MoreAbout Biotechnology
A Once-In-A-Generation Moment For Tech Investors
We’re at a tipping point with emerging technology, witnessing changes that were unimaginable just years ago. Living in the San Francisco Bay Area — the tech capital of the world — Tech Frontiers senior analyst Erez Kalir has his finger on the pulse of advancements in artificial intelligence, blockchain, computing, and biosciences.
Learn MoreAbout The Trading Club
Harnessing The Power of Non‑Correlated Return Streams
A trading service unlike anything we’ve ever done before. We funded a live account with $100,000 of our own money and execute behind our highest-conviction trading ideas. And you can follow along with every step of the way. Get access to trades built around the best independent research from our team.
Learn MoreAbout Porter & Co. Best Buys
The New Porter & Co. Best Buys
Every month, we send you the three best investment ideas from across the Porter & Co. universe. and check in with all of our analysts to select three current recommendations that are at a very attractive buy price. These become our Best Buys.
Learn More
No one knows bonds better than Marty Fridson, Wall Street’s acclaimed “Dean of High Yield.” After an illustrious three decades on Wall Street and consulting for the Federal Reserve, Marty’s now working for Porter & Co. – and he couldn’t have joined us at a better point in the credit cycle.
When I (Porter) started Porter & Co., I knew that the first premium advisory I wanted was around distressed bonds, because while you can lead a full, happy life without any knowledge of bonds…
I’ve long argued that very, very few people can remain wealthy without understanding and investing in bonds.
And while the idea of distressed debt makes most investors want to run for the hills, when used correctly nothing comes close to their wealth-building potential on a risk-adjusted basis.
Especially now… as the market shifts into meltdown mode after years of inflation and unsustainable debt. Because in the resulting panic, scores of good companies will be foolishly dumped by Wall Street… selling for pennies on the dollar.
When the inevitable happens – and the breakdown truly begins – we could see the volume of distressed debt opportunities shoot 10 to 20-fold.
These are equity-like returns that are virtually guaranteed, legally-backed, with double-digit yields paid out like clockwork. A way for you to generate significant wealth – in a fraction of the time – with far less risk, far less stress, and far less uncertainty.
If you’re a serious investor with the capital to allocate to this strategy…
And you follow the path we’ve set out for you…
I predict you could make more money, with less risk, over the next 12-24 months than in the entirety of your investing life.
In fact, I believe every investor should have a significant portion of their wealth allocated to distressed bonds, and I believe a diversified portfolio of distressed corporate bonds offers most investors the highest likelihood of wealth.
And it’s why I recruited – quite literally – the world’s foremost expert of distressed bonds to manage our service.
Marty Fridson effectively created the distressed-debt research industry when he was the director of High Yield for Merrill Lynch in the 1980s. He’s known on Wall Street as the “Dean of High Yield,” with good reason.
Nobody, and I mean nobody, holds a candle to Marty when it comes to navigating the byzantine world of distressed debt.
In a little over two years, almost every one of his recommendations for Porter & Co. has delivered double-digit returns… 35%, 125%, 135%, 100%, 178%, 36%, 60% (among many others)... and remember, this is from bonds!
And although 95% of Marty’s work will focus on buying distressed corporate bonds with the potential to deliver high double-digit yields and significant capital appreciation, he’ll also sometimes recommend distressed equities…
Like he did with Salesforce (CRM), which delivered a return of more than 80% in a year…
Or the investment bank, Houlihan Lokey (HLI) – currently up by over 100%…
Or Peloton Interactive (PTON),which is up by more than 120%…
As a member of Distressed Investing, every second Saturday of the month, Marty will send you a new report exploring a new distressed opportunity, and every fourth Thursday he will provide a market analysis and portfolio update.
You’ll also get instant access to our backlog of issues, model portfolio, guide to buying distressed investments, and much, much more.
I also made a 123% gain on Diversified Health Care REIT based on the distressed investing recommendation of Marty's. I am a very small investor but fortunately I have the help of Porter & Co to continue growing my portfolio.
I’m impressed with his performance and recommendations despite being cautious about distressed investing. Has made $ several times. However, it does require patience and a time frame which is not for the younger and quick turnover crowd. I hope you keep him on your staff.
The opportunities and returns have served us well. No one understands the risk/reward picture better than Marty. When his expected, annualized return clears our hurdle rate, we’re in.
Porter has built an all star group of advisors covering distressed and other specialized niches. It gives confidence to me to diversify across categories.
Marty reviews the fundamentals of the equities that he is recommending with an emphasis on their ability to protect your investment. He describes the exit plan to secure the desired result. His recommendations on distressed equities and preferred stocks such as herbalife, DHS & Alb have produced gains with less risk for me.
Marty’s recommendations have been outstanding. His insights into distressed investing have made a real impact on my portfolio — with gains of over 80% on DHC, more than 100% on Spirit Airways bonds, and over 100% on Peloton. I’ve been extremely happy with the results and look forward to each new pick.
A larger market than the stock market – and one that’s less risky? Here’s how that’s possible…
Investment theory tells us that higher returns require greater risk. But… that’s not always true. Distressed debt presents seasoned investors with a unique opportunity to profit from fear in the market in ways that are safer than stocks.
Just like the stock market, the bond market will fluctuate. Amid the disruption, risks are sometimes mispriced, enabling investors to buy securities at prices lower than their intrinsic worth – sometimes at extreme discounts to fair value.
These mispriced bonds – on world-class companies unfairly maligned by the market – are Marty Fridson’s bread and butter. Each month, he and his team pore through obscure filings and balance sheet analysis to find bonds that are distressed… but shouldn’t be. When that happens, he swoops in to buy dollars for pennies.
Marty’s in-depth process has three steps:
When a bond – or, in some cases, a distressed equity – meets Marty’s criteria, he’ll issue a recommendation that in many cases, offers double-digit returns for readers.
The best part about investing in these distressed bonds is that, unlike stocks, they are legally obligated to generate a payout…
Like stocks, corporate bonds allow you to invest in some of the best companies around the world. But there’s less risk associated with bonds because the payout of bonds is agreed upon and the timetables are backed by law.
Because bonds are contractual, companies must pay back the bondholders if they’re to remain in business. So, if the company has the means to pay its debt obligations, it will. Consequently, buying the bonds of companies backed by sufficient assets or future cash flows enables holders to collect the full principal when it comes due.
Putting it all together… distressed bonds could give you the potential to earn enormous equity-like returns that are virtually guaranteed, legally-backed, and paid out like clockwork. A way for serious investors to build wealth outside of the stock market, with an approach that isn’t influenced by who is in power, what the Fed does, or any external force.
A new way for you to generate significant wealth – in a fraction of the time – with far less risk, far less stress, and far less uncertainty.
In Distressed Investing, Marty mostly recommends high yield bonds. Sometimes he will recommend a bond and the underlying equity, what we refer to as a Combined Position. And sometimes Marty will simply recommend only the equity.
Porter, you introduced me to distressed debt investing with Stansberry’s Credit Opportunities. The opportunities and returns have served us well. No one understands the risk/reward picture better than Marty. When his expected, annualized return clears our hurdle rate, we’re in.
Specific to Distressed Investing, when a recommendation comes from Marty Fridson, I act. The success rate is incredibly high, and I believe the drawdown risk on debt is less than on similar equities, with the added benefit of sell advice from Marty, coupon payments, and the potential of equity-like return.
I have enjoyed Distressed Investing. But have only acted on 9 as I do with any service. I am actively in corporate bonds (about 20% of portfolio held in IRA/Roth), but only did Diversified Healthcare with this service. I bought 5 bonds, earning 14.18% upon it closing. As of last FridayBAD+92s close, active and closed positions are up 33.5%. Closed only positions 29.42%.
Regarding distressed investing: I also subscribe to 2 other services for corporate bonds. Both are quality services, but Marty's simply performs on another level in finding the very best risk/reward setups. His distressed equities, like green plains that made me over 200% in 4 months, are a nice bonus. This is the one service that i don't know what i'd do without.
I have purchased some of Marty’s recommendations and done quite well. Keep them coming.
I have only invested in a few of Marty’s recommendations. My best returns so far from Distressed Investing is Diversified Healthcare Trust. I only bought the stock but sold for more than a 50% gain. I enjoyed a gain when I sold Albemarle Preferred. I am collecting continuous payments on the Icahn Enterprise Bonds, and I purchased the Shift4Payments Preferred stock recently. I am very happy with my investments.
I have enjoyed - and profited - from Marty's work. I spent the 1st half of my work life as a banker, not at the level Marty does but I've done enough commercial lending to have a great appreciation for the concept and his work. My portfolio has been in need of rebalancing to lighten the equity part of it and I have viewed his recommendations as an excellent way to migrate to fixed income without sentencing those dollars to low single digit returns. Cerence, Green Plains, Vital, Newmont, Herbalife, Tegna, Diversified Health, Hughes have been profitable positions that I closed per Marty's recommendation last year - and those are just ones that closed for a capital gain. Knowing I was getting significant interest income in the meantime is gravy. I love running a fixed income portfolio like this. I would highly recommend Marty and his research. Keep up the excellent work!
I turn 63 next month and I subscribed to Distressed Investing because it was time to start taking less risk in my portfolio and move some of my holdings to bonds. But, as you know, the bond market the last several years has been less than stellar. Marty opened up a whole new way of investing for me by identifying the babies that were thrown out with the bathwater. Bought DHC stock 6/7/24 for $2.98/share and sold it 1/12/26 for $5.44/share - a gain of 82.5% in about 19 months!