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Subject: Fitch: Albertsons => B+ from CCC | Date: 1/18/2013 11:13 AM | |
Author: globalist2013 | Number: 34703 of 37111 | |
That's a huge move, and not their only vote of confidence this morning.
OTOH, Ford => BB+ from BBB- RBS is interesting. After the news hit them, the price on their bonds fell. Predictably, the selling was overdone, and I got into the 4.7's of '18 mid 60's and emailed a friend, "Hey, you really ought to take a look." His entry wasn't quite as good, but the bond is now above par, and we're both sitting on fat cap-gains, as well as a decent CY. |
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