No. of Recommendations: 2
Lately Etrade has been sending out alerts if there is a big move in the price of a bond in your portfolio.

I got one yesterday, a bond price jumped from 113 to 121. I'd sell for that price.

So, I looked at trade history, last trades were at 113. Next, I requested a bid for my bonds on bid was 112.

So, I'm stumped about where this 121 price came from.

I googled the company, saw that they did a private offerring of $300 million or so, due in 2015 (same year as the bonds I'm holding).

So, my best guess is that they plan to buy back my bonds in the very near future around 121 or so....If that is not the case, then I'm stumped as to where Etrade came up with the 121 quote.

If anyone is curious, company is Appleton Papers, CUSIP is 038101AM3, I think (misplaced my reading glasses, sorry). I might call them or Etrade bond desk to inquire about this 121 price, if I get curious enough.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.