UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next
Author: joelcorley Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35400  
Subject: Re: TXU Bonds Date: 11/7/2013 8:08 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1

You wrote, Does anyone hold any of the TXU bonds? Did anyone receive the payment that was due last friday?

Yes. I held two of the Texas Competitive Electric bonds that were due Friday. They paid me $102.50 in interest and I sold them for $122.85 net.

I've held these things for quite some time. I paid $1,403.67 (net) in May '10; I've collected 7 coupons totaling $717.50 for a total received of $840.35. So I lost $563.32 (cumulative return of -40%) on the trade over just under 42 months.

I actually sold the bonds because the price popped back up and I was doubtful about the reasons for it. E*Trade had been offering <2/ea. After I learned they were planning to make the dividend payment just to buy themselves a few more months, I sold.

It was only after the sale that I found I'd been paid. I wouldn't trust that payment though. A BK judge could order it reversed.

- Joel
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.