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|Subject: Re: OT: Kinda, Sorta, Maybe||Date: 1/4/2013 3:10 PM|
|Author: altstrat91||Number: 34593 of 35437|
sure thing Charlie. i picked up some more today as well. i have 15 total now which is just a little less than 1% of my total holdings. i have another one you might want to check out in case you do not own, but from what i recall you might not like this because its a privately held company. its also a mixed bag of sorts.
however for me on the plus side it works, because it has bonified tangible asset(s) coverage and a recovery rating of 2.
Black Elk Energy Offshore
CUSIP = 09203YAC5
trading $98ish or so
coupon = 13.75%
over the last 6 months i have been drastically tweaking my model and buying strategy; paying much more attention and focus to asset coverage and potential recovery scenarios. as you obviously know, given the current environment, it makes it even more challenging.
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