Athenahealth, Inc. (ATHN) Message Board

Buying bonds and shorting stock is a guaranteed winner here. BK is a zero for the stock and makes provides zero cost basis bonds that will be worth something eventually.

Bro, this company can't even pay its debt and the market knows it. That's why the bonds are 50 cents on the dollar. I think the full recovery will be in the 70 cent range with the stock a wipe-out. In that event, I make 40% on the bonds and 100% on the stock short sale. LMFAO. Book it Danno.

If the bonds go to zero, I will break even because I'm short the same amount of stock. LMFAO

So suddenly all of the problems disappear for no apparent reason? LOL. Good luck.

Dude, you obviously don't know what you're doing. Buy the stock and find out later what I'm saying.

So the bond market is completely wrong in demanding a 30% yield to maturity on the debt? Bond money is much smarter than stock money. They are pricing in a 35% haircut from par. Before the stock is worth a plug nickel, those bondholders will need to get 100% of par plus all interest payments. Good luck with that.

This balance sheet is a mess. 2 yr. bonds are trading at 65 cents on the dollar. If the bond holders take a 35% haircut, what do you think the common shares are worth?

Zip. $0. LMFAO

You'll buy at 9, 8, 7 all the way down to Zilch. LMFAO