TSX:IBG.DB.E - Post by User
Comment by
patenrighton Dec 18, 2013 3:08pm
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Post# 22019496
RE:RE:Blackout should be in effect
RE:RE:Blackout should be in effect
Harry, I have never said there is 100% guarantee bonds will get 100% and I have not read many others here saying it is 100% either, is there is a decent chance yes, my point I made a few weeks ago and strong point I might add was that in a worst case scenario, you want the bonds as you will in all liklihood get at least 30 cents in a CCAA and quite possibly even 50 cents which is still a 60% return where as equity there is much more risk and a high possibility of losing 50-100% from where the price is now. Bonds I believe are the better risk reward here and why I bought more bonds than the stock recently. I do have some shares still as I still want to particpate in the stocks bigger upside assuming IBG can turn this around without massive dilution which I think the odds are around 50/50