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Subject:  NII Capital (NIHD) 2016 Bonds 10% Date:  11/7/2013  1:14 PM
Author:  ytm Number:  35092 of 37083

So this is very interesting trading action. The bonds have cratered into the mid $70's now. Not long ago were trading at par. With less than 3 years to go til redemption, this price action is a bit surprising.

The company has some significant logistics and operational issues going on. But still with market cap equity in the half billion range and this is after a very recent and major sell off there is allot to play out.

NIHD has also been selling off some of their non-core assets in terms of cell towers and the like. They are presently making the jump to 3G in two of their biggest markets of which they are focusing on.

Wondering if anyone else is holding these, following the company, or has input. Surprisingly last I checked the RR on these bonds was a 5. Bottom line is, if the company can turn the corner with respect to their 3G deployment and execute these bonds are a big buy here.

Problem is in the most recent earnings call, you can read the whole transcript online at SA; they came up short on milestones for 2013. But again, they are not on the verge of going out of business tomorrow and there are many scenarios that will play out in 2014.
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