It's one thing to be a hurting bagholder, and hope that the company assets are valuable, that some other TELECOM goes after them, and that we at least get partially rescued, and our losses mitigated--that's my only hope at this point. NIHD is way too small to compete as an independent entity--and it's broken operations simply cannot be fixed.
On the other hand, all of the fantasies going around, that the bondholders are "voluntarily" going to make some enormous sacrifice, to save the common, defies common sense, and is purely delusional
Other people crow about the year end $2 book value--NIHD is currently losing 2 dollars per quarter
cccbondguy, I looked at these things a while back, but didn't get comfortable enough. Maybe in and around the time of a default announcement, when the downside is at least more clear. Or, if they pop on a turn in the numbers, rumblings of a positive event, etc., that might work, too.
On the plus side, our old Albertsons bonds sure are getting a second life! Positive event risk x 2. That's rare.
DOCTOR--Oh man, am I jealous of you!!! You dodged a bullet, by avoiding this POS
This is shaping up as my worst bond investment ever--my wife has already exiled me to the couch, and I noticed that she is now stocking the pantry with catfood :-)
HK--Believe me, nobody would be happier than me, if they actually did that!!!!
But it's gotta be like hitting the lottery, at this point
My personal take--their "too small scale" is basically fatal, as for remaining an independent, profitable company--our only possible salvation is a take-over/acquisition
They are not making a sacrifice as they are going to make a KILLING on the common. Don't you get it? This is pointless with you as I will not discuss it anymore. It was not until this day that I knew how little you know. Let us leave it be and see how it plays out.