No. of Recommendations: 0
Your theory isn't bad. Perhaps since they are required to buy back their own paper with excess cash flow, they are incentivized to traumatize their bondholders. :) And it's working. :) This is some ugly paper we are holding.

I guess if they get down near 50% of par I have to buy some more. But short of that I'll hang on for a while. I'm most interested to see how price changes after they release next report and buy back bonds.
Print the post  


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.
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.