No. of Recommendations: 0

The rating is trashy. The Moody's report is worrisome. And none of their debt is currently available in retails sizes. Why screw around with them when better opportunities can be found?

E.g., rather gamble on Caa2, unsecured debt, why not look for an issuer offering comparable yields but whose debt backed by a 1st mortgage? I found one a couple weeks ago whose bonds came briefly onto the market.

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