that was a great trade on Hanson Charlie. nicely done. i remember those CEMEX bonds. just did not have the funds available for a stretch and then they fell off my radar. definitely have a soft spot for industrial corps as well. regarding your comment with respect to just sticking with the bond side of the bet and jumping on the equity side; as you of course know better than anyone, its a mixed bag and relative. however, interestingly enough though, for those scenarios where the equity was just placed into your lap due to reorgs, the scenarios have been very good like with CIT group and US concrete, gen growth props, etc.
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