Post by
alkhor on Jun 03, 2014 12:44pm
Trying to buy the debentures
Bit one of the bigger players has a computer doing his work for him. They own the bid at 37.01 and if you p[ut any bid higher than that, their bid automatically changes to one cent above your bid.
The way I see it, if the company goes under, shareholders and debenture holders both lose everything. If the company gets bought out, debenture holders get full value for the bonds they paid 40 cents on the dollar for. If the company lasts until maturity in June 2017, debenture holders will either get full value or shares worth full value. They are a good bet against the company going under.
Comment by
thomasrichard on Jun 03, 2014 12:46pm
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Comment by
krichardyah on Jun 03, 2014 1:09pm
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