Post by
v_guerriero on Oct 14, 2022 2:40pm
Debentures new All Time Low @91.00 on massive volume
Don't dismiss the bond market. Equities always follow.
Comment by
moneyguy87 on Oct 14, 2022 2:53pm
Ha. Was just waiting for your informative update.
Comment by
WinnerCircle948 on Oct 14, 2022 5:25pm
$163,000 in total. Massive volume?
Comment by
cabbieJBJ on Oct 14, 2022 5:36pm
0.003% of the issue. When weegee says his junk is massive wee now know what the wee guy means.
Comment by
v_guerriero on Oct 15, 2022 9:37am
So the fact is 17.5% of debentures outstanding traded to a new all time low with $9 Million traded yesterday. Debentures were issued at 6% and the dividend yield was at 2%. A 3:1 ratio. The dividend is yielding 3% now. And the debentures are only at 6.5% yield. Debentures should be yielding at a minimum 9-10% here.
Comment by
cabbieJBJ on Oct 16, 2022 1:36am
WinnerCircle, reporting format on the debentures is confusing. Weegee should be cut some slack as he appears to have cut and pasted from ceo.ca OMG, did I say that?
Comment by
v_guerriero on Oct 16, 2022 7:24am
Why don't you go to the actual exchange where it is listed to get the facts: https://money.tmx.com/en/quote/QTRH.DB
Comment by
WinnerCircle948 on Oct 16, 2022 9:41am
I am a owner of these debentures; i have been trading a lot of debentures in the last few months. And you?
Comment by
cabbieJBJ on Oct 16, 2022 10:38am
What does it matter what amount is traded unless the company's abiliity to redeem is problematic, which it is not. The reduced price seems to mirror increasing interst rates.