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Williams Companies, Inc. Message Board

  • azurelight58 azurelight58 May 17, 2002 3:13 PM Flag

    Hmm- WCG bankrupts or Warren Buffet?

    Who should I look to for guidance? Such a tough decision!

    I think I'll wing it and let my money ride with Warren. I think I may have gotten my shares today cheaper than MEHC's conversion price.

    Good work WCG holders. 15 sounds good to me for a start. I will accumulate as low as you can take it. Lot's of free time huh?

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    • are you bind..what part don't you understand.. Trigger'-Sensitive Debt Falls as Investors Shun Risk (Update1)
      By Terence Flanagan
      New York, May 16 (Bloomberg) -- Financial agreements that could trigger early debt repayments are damping demand for bonds of companies including Tyco International Ltd., Dynegy Inc., and Williams Cos. and pushing up yields, investors said.

      Such clauses could force them to repay billions of dollars when events such as a credit-rating cut, profit disappointment, or stock drop breach financial commitments. Some investors are steering clear of debt that could be sensitive to triggers, as such agreements have previously driven companies into BANKRUPCY........
      ``Companies with triggers and a lot of leverage have to get almost ridiculously cheap before you would buy them,'' said Bentley Myer, who helps manage $2.5 billion of fixed-income investments at Williams Blair & Co.

      • 1 Reply to howardtheliar
      • Buffet did his DD. WMB is hardly the flagrant offender of this bunch. His strategy is to get in undeservedly beaten down companies while they are undervalued. Notice he was not tempted to snatch up zillions of WCG shares, like some pie in the sky dreamers. But the calamity which WCG wrought gave him his opportunity to get in on WMB. It's also rumored he has exited another energy play which he had accumulated cheaply with a time horizon longer than the attention span of most fiber fools who thought they were ascending directly to money heaven. The stock reached its mturity in his eyes so he has shifted into WMB. (I was along for that ride too.) Too many ways for WMB to go right. Buy when the blood is in the water.

 
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