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I have read the recent posts on Globalstar and would like to ask a question.

There are a number of Globalstar bonds for sale maturing in 2004. The ones I looked at have coupons of 11.25 and 11.375 and the bonds are priced at around $300 which give a current yield of close to 38%.

If Globalstar does show signs of surviving, I would think that the bond prices will be the first to jump.

The question is does it make sense to buy the bonds rather than the stock?

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