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Subject:  Re: Vulcan Material’s 7.15’s of R Date:  1/30/2013  9:36 AM
Author:  altstrat91 Number:  34734 of 36613

small world. i still have my equity position from the reorg as well. the concrete business is one of my favorite areas to invest.

make a mental note on this bond. cusip = 882491AQ6 with a 9.25% coupon. its my biggest position i have nearly 200 of them. got in a couple years ago below face value. but i am actually gonna start dumping some of it real soon as its trading at 10%+ premium. and then a couple years rebuy them. the notes have tremendous asset coverage in a worst case scenario; actually probably more so to cover the bonds which are priority senior debt. some of the assets are also pretty liquid as well. but the biggest plus is on the equity side. a billionaire has a massive stake in the common; think its something like 20% or 25%.
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