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..
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 !