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| Topic | Stock Topic 8 |
| red sox 777 07/15/20 4:58:35 PM #192: | http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C632019 If you want to bet on TLRD this bond is probably a better deal than the stock. Currently priced at $7.60 to return $100. I was looking at this last night and it seems it went up 90% today, as it was trading under $4 yesterday. I think 12:1 odds are not bad, especially as bondholders might not get wiped out in a bankruptcy. The senior debt has to be paid first, and then the junior debt (this) and then shareholders last. A lot of times they reorganize the company in the BK court and the result is the creditors are paid with shares in the new company, while the existing shareholders are wiped out. Unfortunately it went up 90% today and 12:1 odds aren't nearly as good as 24:1, but could still be a good deal. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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