UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: altstrat91 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35498  
Subject: trap or opportunity Date: 1/10/2013 10:29 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
you would be surprised in the high yield or more junky arena of corps, how many of these companies are breaking even or come in at a negative EPS when all is said and done.

initially i took a small position in this company because low & behold, they actually are making money and provide a quantifiable unique service which there is demand for!

but the price action has not been good very recently, in the last 7 trading days. with this kind of rally in any kind of corp YTD, something might be going on here.

there definitely is one large seller who has been possibly trying to unwind a position as he has been literally sitting on the ask and keeps driving it down to fish out buyers. currently showing >1000 of these for sale.

Global Geohphysical Svcs (senior unsecured classification)
cusip = 37946SAB3
coupon = 10.5%
float = $250MM
redeems = 5/1/2017
trading @ a near 11% discount to par = nearly 14% yield
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


Kiddie Card Board
Should kids have their own credit card?
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:
Berkshire Hathaway

Berkshire's Golden Year
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 Glassdoor #1 Company to Work For 2015! 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.