Joel,Thanks from me too… I hadn’t seen this news.From the RTT article linked below, my simple calculation gives $2.635B to cover $3.7B of debt which translates to 71.2 cents on the dollar (about where the bonds are now trading)The news says that NRG will retain $1.272B of non-recourse debt, so those bonds may/should eventually workout better. I don’t know which issues are non-recourse. I hold 2 issues (7.75% & 7.00%). Does anyone know which are non-recourse?Anyway 71 is close enough to my target of 75, so I will consider selling my small Etrade holding because they nickel and dime me on reorg charges. I will probably just let my larger FIDO position get converted since Fidelity is more reasonable about reorg fees.http://www.rttnews.com/2204996/nrg-energy-to-acquire-edison-...
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<