PJT's Zelin Sees Distress Opportunities in Retail, Energy

The transcript discusses the unique financial situation of 2020, comparing it to past crises. It highlights the receptivity of the credit market during the pandemic, with companies like Carnival raising significant funds despite zero revenue. The discussion covers systemic risks from high leverage and low interest rates, and the potential for companies to face restructuring. It also identifies sectors like oil, gas, and retail as having opportunities post-pandemic due to accelerated trends and technological changes.

What potential issues might arise for companies that have relied on cheap debt during the pandemic?

Which sectors are expected to be particularly exposed as the market evolves post-pandemic?

How might consumer behavior changes during the pandemic impact various industries?