No. of Recommendations: 0
Thank you for your calming post. As of yesterday my 10yr bond is at 42¢ on the dollar and the 5 yr bond is at 24.5¢ on the dollar. I think I am forced to wait this out for a while. I panicked when I read so many opinions that the company would opt to go bankrupt as the best way out of their money problems. Listening to their conference call, they have enough to pay debt obligations thru 2003 if I understood correctly.

Although I realize that there are no guarantees with corporate bonds, I thought (incorrectly) they would be relatively safe compared to what is going on in the equity markets. Now I feel like I'm waiting for the next brick to fall on my head<g>.

Birgit aka follydolly

Print the post  


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.