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Author: blacktreechaser Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35367  
Subject: FFN buy junk bond short equity? Date: 8/30/2012 11:51 AM
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This was on Bloomberg this morning, and got my curiosity, so I looked up some basics.

FFN is Friendfinder,, owns penthouse magazine. They did an IPO in May 2011, at about $8, now its down to 85 cents.

I think there may be some regs against shorting a stock that is under $1.00 per share, but I'm not very sure about it...just something that sticks in my mind.

First tier debt is 79 cents on the dollar, other debt is 17 cents on the dollar.

There are no options on FFN.

It's probably a missed opportunity by now.
I do not endorse or approve of the product. Of course, as a younger man, I read Playboy, but just for the articles and the monthy interview.
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