GREY:ZARFF - Post by User
Comment by
rad10on Mar 22, 2019 11:07am
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Post# 29522937
RE:RE:RE:RE:RE:RE:Let's See Who Big Debenture Holders Are
RE:RE:RE:RE:RE:RE:Let's See Who Big Debenture Holders AreRollinInDough wrote: makes perfect sense... you only invest in blue chips like su... but you owned TBE debs which went to pennies on the dollar and you made out well... so you all say... of course none of you tbe losers admit being stupid... but you own zar too, so stupid is as stupid does... you is too
https://business.financialpost.com/news/fp-street/from-14-to-80-per-cent-the-remarkable-recovery-by-twin-buttes-debenture-holders Happy to have held distressed debs in twin butte - if all my holdings worked out like that I would have a bigger boat!
Stick to quality equities and look for distressed debt opportunities - works for me, but not everyone's cup of tea. fortress global, IBI, aimia are all great examples of playing the capital structure....................
Confident I will recover 90 cents face value on ZAR notes that I picked up for 75 - 80 cents on the dollar (I also received a few interest payments!)
Fingers crossed and good luck