UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: ytm One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35387  
Subject: ALERT: CEJV Bonds Redemption 3-1-2012 Date: 2/14/2012 12:33 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Might be a little arb play here. Am I reading this correctly, that they have some cash and just got a new offering that is going to take out the current float that redeems in 2 weeks? IF this is the case, the bonds are trading at an 8% discount par right now. Someone just grabbed $50000 face on the ask.

CEJV announced a new $120MM offering that will be used to payoff the upcoming March 1st float. S&P cut them, but that is not my concern if in fact the new offering is a new float, unlike the River Rock where they replaced the excisting bond float with a brand new bond float.

http://www.reuters.com/article/2012/02/06/idUSWNA95522012020...
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Ringing the NASDAQ Bell
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement