OTCPK:JENGQ - Post by User
Comment by
borne2runon Jan 31, 2020 7:17pm
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Post# 30627958
RE:RE:RE:Prefs hammered - down 41%
RE:RE:RE:Prefs hammered - down 41%From a risk vs reward perspective, you are better off buying the debentures . They still pay interest and are trading at approx 60 cents on the dollar. Obviously the bond investors are concerned that a liquidation may result in the bonds not being redeemed at par.
In a scenario where the bondholders receive 80 cents per $1 of face value, they will have a gain of 33% from current levels wheresas the preferreds and common will all be wiped out.