RE:RE:RE:RE:RE:Can you educate me on bondsvery valid points 123 - the conference call was certainly "clear as mud". All the talk of new product releases with no details regarding their performance (TD analyst question was left unanswered at the cc). No breakdown of product contribution to EBIDTA etc etc.
Safe to say the stock is speculative at best with no real intrinsic value. Thankfully I can write it off in a non registered account with the next bounce. Any recovery will be long, slow and painful - which is great for secured note holders. The 7% and 9.5% unsecured have 1.5 billion dollar face value which along with the equity will be wiped out on a restructuring. The secured note issue is comparatively small which made it more attractive.
Shorting a stripped bond is above my pay grade - I have to keep things simple.
I have to hand it to lattice, protrading and the others - I dont do this for a living, but wish I had listened and heeded the warning signs. all the best