Post by
rad10 on Jun 30, 2014 9:29am
debenture interest is due today............
3% of face value due today! Get me some fireworks...............
Comment by
richardsontony on Jun 30, 2014 9:45am
This post has been removed in accordance with Community Policy
Comment by
nikehercules on Jun 30, 2014 7:37pm
Rad10: According to td waterhouse we just got paid. I can't find very many fixed income instruments where one can put money to work like this. ingdirect at 1.3%?? might as well throw it under the mattress. At 40cents on the dollar this is still a compelling investment/gamble. NH
Comment by
rad10 on Jul 01, 2014 8:55am
Nike Check out the Arcan issues - when the tabled deal falls off the rails (which it will) - the debs will fall back to the 48 - 56 cents on the dollar trading range. A good time to load up IMHO. A new deal is always just around the corner and the assets cover the issues. Doing due diligence on Fortress Paper's paper - as they have dropped. Cheers Rad10
Comment by
Eyeinvestor on Jul 02, 2014 5:52pm
Arcan equity stock holders hated the deal but eye think the vote got pushed through. Eye wish it would fail and then Aspen Leaf could come back and look at STP again. They would find the STP deb holders much more willing to negotiate.
Comment by
smithgee on Jul 02, 2014 6:05pm
Mine showed up yesterday!
Comment by
Eyeinvestor on Jul 14, 2014 12:30pm
Eye think eye missed the importance of this. If they paid cash, it is an important indication that they have a plan/deal that means they don't need to hoard cash. Hmmmm.