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Author: junkman02 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35367  
Subject: Re: Bond-Buying Due Diligence? Date: 3/9/2009 1:36 PM
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Pru's Debt, Again

I just pulled S&P's report on Prudential.

ARRRRRGGHHH!

Pru is a more complicated situation to evaluate than I would have guessed. S&P loves the company. (Remember, they just reaffirmed Pru's single-A rating.)

A quick glance at how S&P is evaluating the company suggests that a quick glance won't do it. They point to too many positives factors for Pru to be summarily dismissed. To determine whether Pru's debt and/or common should be bought (or not) is going to take a full-blown investigation (aka, proper due diligence).

ARRRGGGHHH! Why does this stuff have to be so complicated?

Charlie
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