RE:RE:again trading in 2018 ans 2020 debentures today...My insight into the 2018 debs [I don't see 2020s trading today - but 2018 debs have traded $millions in the last few days] is that they are low and the 2018 sinking fund went unfunded for a period of time.
GCM would not leave the 2018 sinking fund empty forever. They will fund it and buy up these debentures that are offered cheap. In anticipation investors are buying them up cheap with the expectation that they will be less cheap when GCM is back in the market buying.
If so, this also bodes well for the common shares too, which are likely to climb with the debs.
ruffus23 wrote:
any insight into why?