Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: Littlechap Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 10845  
Subject: Re: Another Jolt for Calpine Date: 11/30/2005 10:53 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
We will have to close this board soon.

Darn, and miss all this FUN!?

However, there is still money to be made, the convertible bonds will hold some value after the bankruptcy. Further, this is not information you can just pull off of Yahoo. You have to get the 10-k and 10-q off of the EDGAR data base and go over them with a fine toothed comb. If we work together we can make money. Even if we don't make money on Calpine we can learn to make money off of other bankrupt companies. I have a 4 bagger in Mirant and am up 50% in ABB and I pulled down 14 percent on my El Paso for 2 years until it converted. (Disclosure: I didn't do due diligence on any I just followed my brokers recommendation. If I had; I would have invested $10,000 instead of $1000 in Mirant)

Doing some research, I stumbled across some articles that I only scanned, but which seemed to suggest opportunities like you describe. However, I think one needs to be a lot smarter than I am to figure out how to play them. I guess your broker fits that description! <g>

My last post about the value of Calpine unsecured debt had a loose calculation that it was worth about .75 on the dollar. After the bankruptcy starts I will pressure my broker on the availability of the bonds. However unless we start a new board, we will not be able to keep communicating on Calpine, or what is left of the wreckage.

Well, I think there is a board just for bonds, where you can of course discuss stuff like that. One would just have to hunt around for the type of trading, as opposed to the company name. Anyway, don't you wish you had bought those put options you discussed the other day!? Whew.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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:
Value Hounds

Clorox Isn't Cleaning Up
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.
Advertisement