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|Subject: Re: TXU Bonds||Date: 11/8/2013 4:23 PM|
|Author: joelcorley||Number: 35097 of 35992|
You wrote, I've acquired 3 total, 1 that I've had for a few years and 2 I picked up earlier this year at $30. I'm inclined to hold on, but not certain.
My interest is due near the middle of the month, so I will reevaluate once the payment lands.
I'm assuming you bought the legacy TXU bonds? I bought the Texas Competitive Electric LBO bonds paying a 10.25% coupon at a discount. I'm pretty sure they will be on or very near the bottom of the creditor hierarchy.
I knew I was taking a pretty big risk that they'd at least avoid default long enough for me to make a profit. I probably should have dumped them a long time ago. Turns out I bet wrong on this one. At least it was only 2 bonds. You win some, you lose some - I've certainly lost (and made) more on individual bond and equity plays, so I'm not too torn up over it.
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