RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Everyone looking for borrow now, looking to short moreapologies h123 - intrigued to know what you have found. A lot of todays sell off may be related to this:
https://www.ft.com/content/89749798-aa49-11e6-a0bb-97f42551dbf4
It may not be all specific to concordia.
Health123 wrote: Health123 wrote: rad10 wrote: H123 is correct - secured bonds are now yielding more than 10%.
Equity and unsecured are uninvestable = great for trading but the lack of clarity after the conference call makes this a speculative gamble.
New leadership needs to give us some clarity and ideally start buying to restore confidence.
Long secured notes (and common stock down more than 40K).
rad, I see yield 12.3% on new issue. I want your honest opinion, is this bond sell off putting the squeeze on the equity? I know one thing for sure, its not the new CEO ... (sorry guys - he ain't gonna make the debt disappear).
No worries in responding. Found my answers on Fintwit. Have a good evening all.