The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Bonds & Fixed Income Investments

URL:  http://boards.fool.com/aj485-you-wrote-apparently-the-people-buying-31013231.aspx

Subject:  Re: Any updates on Edison Mission Energy bonds? Date:  12/9/2013  6:14 PM
Author:  joelcorley Number:  35116 of 35345

aj485,

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.

- Joel
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us