Just noted a few days ago that most of penny's near term debt is yielding a little more than 7.5. One very long term bond was yielding more than 9%. Bullish article on Sears in Barrons from two weeks ago, I think. The person in the article give the equity a good chance of doubling in the next year, and said there was some substantial insider buying. I don't know what the bonds are yielding right now.
10/15/2017 6.785% at 80.5 with a YTM of about 11%. It's about 1% of my investments from when it was lower. Their cash flow and asset base make this look like a nice balance to my portfolio that has a lot of cash and treasuries. I'm not sure it won't go lower if the economy and the market declines. I also own the Radio Shack 2019's, which are riskier IMO, although I think rated slightly higher. Radio Shack reduced their dividend to pay for an earlier issue and may have problems refinancing this issue if they continue to decline so quickly.Thank you for your posts!HP
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