Concordia Healthcare Corp. T.CXR.R

RE:RE:Distressed Debt: The 7% Unsecured notes are 30.5... GULP!!

[CYBERPUNK]

meetoo:  You can see the "Yield" in the upper right corner as 33.256% on this particular day. I do not have a Bloomberg Terminal (as they cost over $50K a year) or I would post a more recent chart and so I borrowed this one from twitterverse.)  The 7% is the coupon value.  So don't confuse the coupon value with the note yield.


Keubiko ‏@Keubiko  13 Dec 2016

The bond market says North Korea is a better credit than $CXRX . Cc: @DPRK_News

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meetoo1600 wrote: It's not because of fear of fear that the company is going bankrupt.  That will not happen anytime soon.  It's because they are locked in until 2023 at 7%.  As long as Concordia pays the interest, these bondholders can do nothing but wait until the bonds become due, and that is a long time to be stuck with a 7% yield when equities and other potential investments are or can do so much better.  The discount at which they trade, and the corresponding yield is primarily due to the lack of liquidity.