Post by
rad10 on Dec 18, 2022 9:52am
Debentures at all time low 40
If you fancy a flutter... we all enjoy a punt from time to time... there are some nuances when it comes to trading the debentures.
If you buy when the interest has accrued.. you will have to pay the former owner 100% of their accrued interest in cash! You will be paying full face value on the interest component, but receive a note worth 40 cents on the dollar! Even the former CEO would struggle to sell that deal....
Buy after the PIK date on December 31st..... if you feel this is something you want to do.. ...