Moodys said recently that corporate bond defaults will go up 3 fold from 2008. That wont bother me if thsi co has had none as I suppose. I cant find the info anywhere. Anybody know? I sure hope the junk bond market doesnt get creamed again and we wind up selling at a huge discount to NAV....again!
Excellent question. I asked the same re PHF. What I did was go through the balance sheet and look for the footnote indicating interest default, etc and divide that total by the total cost basis. One would think that such a vital statistic would be part of every quarterly report.
not only that tim, but that it would be a mandatory headline to be given to the newswires by the SEC! Its amazing this country hasnt been taken over by the mafia yet. What a world we live in. Sec is not much better at catching crooks now than 15 years ago. They got madoff so now they can go back to watching TV for 3 more years. Its sad there is no public outcry.