The Motley Fool Discussion Boards
Investing/Strategies / Bonds & Fixed Income Investments
|Subject: Re: Any updates on Edison Mission Energy bonds?||Date: 12/9/2013 6:14 PM|
|Author: joelcorley||Number: 35116 of 35992|
You wrote, Apparently, the people buying the bonds at 75 are pretty certain that bondholders will be able to extract at least an extra 18% or so.
I wouldn't be surprised if they got that additional 18% through a combination of shopping the company and/or litigation against the parent.
When I saw that article, I figured an up-side from here was less likely than the down-side and the down-side had further to fall than the up-side had to gain. That's why I sold the rest of my position last week.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|