RE:RE:RE:RE:NICE: CVE BUYING BACK Up To USD 1.5 Billion In NOTES !!!It's an early tender offer. I don't own any so I haven't read the details, but AP isn't going to be paying full face value. He's shaking down the people looking for some liquidity and prepared to let their notes go. This guy is one of the best capital allocators in the patch.
This is great for shareholders.
long and overweight common and preferreds.
downwithdotcom1 wrote: all good points BUT interest rates are creeping up and the JACKSON HOLE crowd seems to think its going HIGHER..
are these NOTES floating?? if not, seems to me these RATES are starting to look like a deal...SO WHY BUY BACK?? dwdc