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ALLETE, Inc. Message Board

  • kisco62 kisco62 Dec 10, 2009 12:24 AM Flag

    Off balance sheet?

    ALE has said they will issue private market, off balance sheet bonds in February in three stages. Would someone explain to me what that means & is this a good thing?

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    • jams5006@att.net jams5006 Jan 22, 2010 9:27 AM Flag

      IF anyone gets the price of the bonds and or the percent of return, please let us know. It will be interesting to see what percent of return they will offer. I suspect 5% or higher.

    • Went to investopedia.com, and checked out "Off balance Sheet Financing". Not the same but, looks shady to me. In fact the website mentions that, off balance sheet financing came into popular use during, guess who, Enron. Maybe I am wrong, but, this does seem to bode well. Agree with kisco62, somebody explain. Do not like the looks of this.

      • 1 Reply to roo60050
      • jams5006@att.net jams5006 Jan 22, 2010 9:24 AM Flag

        Off balance sheet, in these times (just a hypo) is probably a way for big investors to play the bond game and have a more secure investment than buying the stock. IF the cap and trade issues and the volatility of the stock price are any indication of what is ahead, than the smart move would be to get into the bonds. This is where I get pissed because you and I the small investor have no chance of participating.

 
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