Wilbur Ross (Trades, Portfolio) is one of those investors who runs toward the theater when someone yells fire.
In this case he is running toward the debt of energy companies.
Debt that was trading at 80 cents last summer is now selling for 20 cents on the dollar. Ross believes most of these companies are not going to go bankrupt.
He is getting full payback of his original investment through coupon payments in just two years.
