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http://boards.fool.com/youve-overlooked-the-interest-payment-while-they-25857382.aspx
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| Subject: Re: Fortis 23% bond | Date: 8/31/2007 3:31 PM | |
| Author: LostCommuniques | Number: 21453 of 34984 | |
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You've overlooked the interest payment. While they may not lose on the principal either way, they have paid pretty handily for access to that principal. Fortis is paying a 23% yield for the capital to make this investment. That is a pretty significant stake. |
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