yep. It think we are going to see a little more down pressure hysteria..
I like to pick my bottom, too...but only a 3/4" to keep things minty fresh.
If a large investor, such as Soros, was not just snapping up common for amusement or a quick killing, if they believed in the contrarian value of the survivors in the sector, why would that investor not want to put pennies on the dollar towards purchasing the cos. bonds? the common pps will get slammed on a default, but 9+%
return is good for anyone, so why haven't the bond prices followed, at low beta for sure, the recent pps pop= somethings fishy.
Am I not seeing something here?
and now I hear BTU hired LAZ to restructure their debt.
The big boys are ready to get dirty. Wish I'd had the cojones to play the pop, but that an old song, right?
bonds from here...
sounds like a good deal. I've been with Fidelity for years, and want to ask their bond desk a zillion questions before I invest, but I think these bonds are right there at the edge of my medium term risk/reward tolerance.
right. I'm down $25k on common, and figure to take whats left and park it. I need to see $48 pps to break even, and that would require some major events, fracking disgraced, cheaper clean coal retrofits, etc to get there in my absolutely ignorant estimation. Thats 8 years up the road, at least. I lost a bunch chasing 13.5% with mReits, so as long as the divvy gets paid, I'll hold till maturity.
thank you. I'll talk to my Fidelity rep about custodial fees, etc.
I like to have a dog in the race before I wager.
That call above face stuff sounds like a sales red herring, Something is happening with ACI, I don't know what it is, but long eastbound trainloads of coal regularly go past my brothers place in Minneapolis.
New Hampshire bought their thermal from Russia two winters ago cause the rails were choked with oil, and no other reason.
I think coal is not dead, it is resting, and I think holding bonds till maturity is a good set and forget way to play it. Recent common pps action is too hot for me.
Thanks again for the good info and #.
with all due respect , sir, I wouldn't buy the bond if I thought the co. was going to default before the next interest payment.
My muni seller made a one time profit, as far as I can tell, based on the spread at the time of sale, so I don't fully understand what you meant..This is a medium term investment strategy, right?
I get your logic. sound sound to me. I did ok with northstar at tahoe munis bought at the bottom of the muni 'crisis' common pps is the canary in the coal mine, if you'll pardon me.it appears that the canary is still singing....
I think strategic corporate partnerships, technology spread across consumer platforms, is where they're going post-Jobs. marketshare is a blob...it gets squeezed, the goo has to go somewhere. They're not going BK...