Shorts looking to cover and paying for posting old news. Let's write journalists what we think. I already did that with both morons who published this...
I don't understand either the strategy of buying TIME... but I am expecting bonds not to be paid on july 15th..ATLS and ARP stocks have cero value. Everyone is trying to sell bonds to cash out the accrued interest. I will hold my bond position for a debt to equity exchange . Really frustrating...
What is your opinion ?
What are you guys waiting ? to have the bonds @ 50 trading again?? Management deserve lose the company up to bondholders. lets do CH11 ...I will give you my bonds just give me the stock of the new company with no debt. Plenty of upside in the medium term..!!
Something is really bad here. Either the bonds are very very cheap@ 17 cents.. or the stock @ 0,60 cents is a wishfull thinking value and will disappear soon,,,, this is no adding up for me... Cant be any value for stock holders with a 17% pct bond...Management is running the problems really from behind..WAKE UP !! those hedging are ending soom.. welcome back to earth.. where the gas is 2.13 and oil 45 usd.. Get some money and reduce debt if you want to survive !!,,
There is no way you can lose with that trade. When they realize they are wasting money paying distributions and dividends to be used to buyback their debt with a 85 pct discount what do you think is going to happen ?. Management lives in LIMBO.. Wake up management ! Bonds should trade at 40 and stocks at 0,25 soon with no distribution. Thats is my bet. No other way to survive. I hope this helps. You still have time to be in the correct capital structure..
I was watching HOV because I was looking to buy the bonds. But after I saw is trading 3 times 2017 projected earnings+TAX credits+ reorganized, etc. Iam finding more upside in the stock. I placed an alarm in 1,75with volume. Will buy only on break out. can easely go back to 4,5 in the next months..
Looks like BTU will survive looking the stock and will default looking the bonds. This cant be like this for long. I would say the bonds should be trading higher if the stocks holds 1 for some time..
yeah that works too.. but buying owns stock increases earning per share dramatically .. Don't understand why management is not in the business of increase Earning per share...
This morons will keep buying junky bonds of Puerto Rico @ 99,9876 price instead of buying back his own stock at 40% discount !! I cant believe it !! Maybe is because their fees are in relationship of the size of Portfolio??? I cant find any other explanation.. Maybe someone knows better.. OR maybe I will be calling IR soon to investigate..
So I can reinvest the lasts distributions and average down...
Ufff Hard... But just dont fight it. We are in survival mode. I took the hit on some ARP and bought LINE 6.5 % 2021 @ 61. This is a B1 secured bond ( s&p B+). I will go with management on this one and the yield is incredible high.. cheers and be diversified !
Amazing what brazilians can do. They can win 5 soccer world cups but lose 7-1 in his own stadium. They can invest billons in a #$%$ company like OGX and sell a jewel like PBR at 40 pct of book value. INCREDIBLE AH?
Sentiment: Strong Buy
Market says NOW it worth only 40B. (6.08) ONLY 38% of book value.???. XOM trades 2 times book value and I am pretty sure their item "Property Plant and Equipment" of 245B on balance sheet does not reflect the reality. So witch one will you buy??. Obviously XOM because you want to sleep well. But you wont duplicate you money. Short term pain for longs will be reflected in their account value in the future.. My guess is PBR will be trading above 12 usd in less than 12 months even with the oil @ 45. So if you are long just stop watching the screen and go outside to do something productive..!! hahaa
Everybody knows this price is a steal.. but do you still want to keep buying??.. mmm There are no more macho-cojonudos left. I will let it go to 5 4 2 whatever px it takes...I wont participate on this madness...
So book Value for PBR is 138Bn. minus 25Bn of brives we will have an adjusted book value of 113bn. But market now says it worth only 44Bn...(6.77usd). So with the stock in the future trading at 75% of the new adjusted book value TARGET will be about 13 usd. So who is selling @ 6.75???.. That should happen with OIL@ 45 or 70... This is a golden opportunity to double your money,,
These are times to survive and reduce debt. Eventually will come some value for stockholders in the future if the IO goes back up a little. I bought more CLF 4.875-2021 bonds on todays news.. I am on your side and backing your plan . PLease don't let me down....
I am hoping for a dividend cut. Money should be used to cancel cheap debt. That's my view. But don't want to bash the longs..is the correct move in my view..
Why this draining cash machine is paying a DIVi?..Why not ch 11 for Canadian operation yet ?. What are you guys waiting???? wake up CLF management !