RE:RE:RE:Distressed Debt: The 7% Unsecured notes are 30.5... GULP!!Believe me, Punk. I know how to read the debt markets. I stand by my comments.
It is hard to imagine management as incompetent and (in my view, corrupt) as that of Concordia over the last year, with results that speak for themselves. But things are slowly changing, and the likelihood of a default on these bonds, or bankruptcy of Concordia in this new calendar year, is zero percent. Yes, you read it correctly: zero percent.