Robert Schmitz, Managing Director of Quest Turnaround Advisors Talks to The Wall Street

The Wall Street Transcript has published an in-depth interview with Robert A. Schmitz, Managing Director of Quest Turnaround Advisors (www.qtadvisors.com) in which he talks at length about the turnaround and crisis management firm and the outlook for corporate restructurings in the United States and Europe.

In discussing the US, Mr. Schmitz said, "The amount of lending in the US that was low quality rated debt in the last two years is much higher than it was in the last business cycle, so we're expecting that many of those credits will become troubled within in the next six to 18 months."

"In Europe," Mr. Schmitz continued, "The word 'distressed' is on everyone's lips in the business communities, particularly in Germany and Italy. Five major factors are at work:

-- significant restructuring of industries caused by rapid
technological change and the China cost factor
-- the high price of oil combined with a weak dollar
-- EEC reforms
-- bankruptcy law reform
-- Increased presence of US debt investors and hedge funds buying
publicly-traded debt and bank loans of troubled companies in
Europe"

The entire 2,500 word interview is available free online at http://www.twst.com/ceos.htm

With regard to the Quest's advantages in providing assistance to troubled companies and their creditors, Mr. Schmitz states, "We use very senior people on all our assignments. We are all experienced as operators and as people who have worked through difficult legal restructurings. Compared to our larger competitors, we do not load up our teams with junior people, but prefer to utilize client personnel wherever possible. That gives us the advantage of moving very rapidly and being very decisive."

The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673.



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Contact:
Krantz & Co
Melissa M. Krantz, 917-653-6716
krantzandco@aol.com



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Source: Wall Street Transcript

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