RE:NOBODY WANTS THIS. Simple supply vs demandAll true, and the fact it is orphaned, is exactly why I like it and why the FCF will force buyers or a single buyer into this thing, at some point. Not well-researched, orhpaned, restructured cos have been my most impactful investments throughout a distressed investing career spanning over 30 years.
And PIK bonds went 51.5 bid this morning at the open.