Hi, dbs --
Okay, I get it: Collect 40-50% in coupons. If telecom turns around in 2-3 years, the paper is good; if not, participate in the reorg, and get another 2-3 years to wait for... login to read the rest
I recomend this security as a relativly attractive means of participating in the recovery of telecom providers
I think the yield is safe for 2-3 years - then GT will be forced to reorg because its... login to read the rest
Hi, dbs --
Maybe I'm unusually dense today, but it's not clear to me why you recommend this security. Your catalyst mentions the 17-20% yield. Do think this is (relatively) secure?
Yours,
Bowd
Description: ($C) GT secured bank/vedor claims - 40-45 cents on the dollar should buy paper - Current face amount outstanding Sr. Sec. Claim =$535m trading at 45% = $240m impled cost of... login to read the rest
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