No. of Recommendations: 0
Interesting. Since I started the thread and it looked like the bonds stabilized in that mid $75ish handle, they are now down 9-10%.

Here is real time price info:

26816LAG7 2012's @ $70.75
26816LAX0 2015's @ $71.00
26816LAT9 2016's @ $71.50
26816LAW2 2019's @ $71.25

If this was a quick pre-pack like they did with CIT group I might take a chance, but this is going to take a long time. These bonds could trade all over the place before than. And there are quite allot of documents being filed now in the court along with various opinions and some sentiment changes on exactly how all of this debt will end up getting serviced.

So probably what this means is, these Dynegy bonds will do great. Because I have no position in them and people are skeptical at the get-go. If I had a position in them and people were saying recovery is 100% guaranteed, than the bonds would end up getting hosed. This is almost 99% assured.
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