You'll get no argument from me on your talking points, StuyvesantGrad70. I agree with all your points. But...they're all besides the point.Let's get back to basics. Bond investors typically seek security. Equity investors seek growth, and are willing to accept the risks attendant with that goal. Granted, there are breeds of bond investors who are also willing to embrace "risk." I consider them exceptions to the rule. I consider buying "distressed debt" a risky endeavor. I consider buying into a "story stock" or a "turnaround story" risky endeavors.This board is, after all, called "Value Hounds." The whole point of value investing is to find GOOD companies, with GOOD growth prospects that might be trading at a discount to their true value. I'm all on board with that.Folks who wanna trade in distressed debt or broken, screwed up companies are speculators. I don't play in that sandbox. Even though I invest in equities, I consider myself a conservative investor. Gimme a good company, selling valuable goods and services to a growing base of customers, toss in a decent moat against competition plus lower stock prices resulting from general Market conditions...and, well, I'm all in.Not interested in distressed debt. Not interested in "turnaround stories" swirling around companies facing bankruptcy.I'm a value hound.
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