RE:RE:RE:RE:RE:18.5% On the 2021 Paper !!!!Another great week! Another 25% drop in market cap! Time to make another toast to MT and his sinking ship. I feel bad for people who believed in this company, but anyone who reads this board can't say they weren't warned.
LaticelnExile wrote: patenright11 wrote: 18% ??? ON WHAT BONDS?
CXRX 6 year bonds ..... Now up 1 pt since last post and is 18.6%
That is saying the bond market is pricing for bankrupcy, creditors will control the company.
In today's low yield environment, it is like getting a 75% yield
(well maybe not 75% but the it is screaming). The bond market is supposedly the "smart money"