Post by
daveinmiss on Nov 12, 2016 5:21pm
Can you educate me on bonds
How was CXR able to sell something like $335 million (just my recollection) just 3 or 4 weeks which are now rated as basically 10 cents on the dollar or so? Am I missing something?
I see some good posts lately on the board by both shorts and longs which I appreciate and better than reading snide insults.
Comment by
truestar2 on Nov 12, 2016 8:07pm
I understand if people on this board are shorters or not happy with losses, but take a look at reality - The SP has moved in one direction since Donald got elected. The Bonds are obviously renegotiable with the RR the way it stands. Let's see what happens on Monday, but do not write this thing off as stranger things have happened.
Comment by
truestar2 on Nov 12, 2016 9:40pm
Sorry for your losses and there's no doubt I could lose some money here too - I bought knowing this - I'm not saying there is a deal in the works, I am saying the stock is trading like something is going on - one way or the other it is a dangerous game. Dangerous to lose and dangerous to miss out.
Comment by
rad10 on Nov 12, 2016 10:15pm
Where did you get the 10 cents on the dollar for the first lien senior secured notes? I get 87cents.