So, if you have stocks that you have long-term confidence in, I wouldn't sell them at distressed prices here.
They gained control of Regal by buying the debt of predecessor companies at distressed prices in 2000 and 2001.
Sponsors are offering them at distressed prices so low that they are again tempting investors, even without the former tax breaks.
But even such distressed prices proved to be too much, and the bonds became worthless after Renaissance went bankrupt in 1999.
Prior to 2004, the market was still characterized by limited liquidity and distressed prices with private equity funds trading at significant discounts to fair value.
"There is no ironclad need to sell the corporation at distressed prices."
"Tyson is buying a distressed company but they're not paying a distressed price."
"It was sold at distressed prices, rather than fair economic value."
In the 1970's they bought office towers in New York at distressed prices.
The owner cannot afford the tedious and expensive housing-court procedure, and must abandon his house or sell at a distressed price, he said.