SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Gorilla and King Portfolio Candidates
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: gdichaz who wrote (51172)5/1/2002 3:20:32 AM
From: Jacob Snyder  Read Replies (1) of 54805
 
re: QCOM's junk bonds:

This can happen to investment-grade bonds:

By GREGORY ZUCKERMAN
Staff Reporter of THE WALL STREET JOURNAL
In May 2001, when WorldCom sold a record $11.8 billion of bonds, investors clamored to get their hands on them.
Now, they're scrambling to get out.
In what will likely go down as the worst bond deal in history, WorldCom's bonds are now trading at about half their original value, meaning investors have lost almost $6 billion in just under a year -- a stunning decline for investment-grade-rated bonds, normally among the safest bets investors can make.

So, imagine what can happen to junk bonds.

What I'm seeing here, is a management that is addicted to gambling. No matter how big their previous losses, they keep throwing the dice.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News