Post by
Diesel44 on Apr 09, 2021 8:39pm
Lovin the debentures
Think my best market wins have been depressed debs (Buffalo, Cardinal, Surge); love the sub-60 pricing here; post-next week's vote, these will be convertible at 38.5c. Shares today at 36c should have the debs over $90.
Usually $100 is my target on depressed debentures, but looking at FIRE's debs, no reason to stop there, especially with par-conversion so close. Wow.