Short Selling, Dark Side, Bubble Busting Laboratory Message Board

STOCKTALK

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 : Short Selling, Dark Side, Bubble Busting Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: zebra4o1	4/28/2005 11:01:05 PM
	of 361

If junk bond issuance is drying up, it has to be affecting the revenues of Moody's, Ambac, MBIA, etc who feed off these deals. Who else is getting hurt? biz.yahoo.com The change in the economic outlook follows a period when conditions in the junk bond market were close to ideal: Stocks weren't too volatile and interest rates were low. During the second half of 2004 and the beginning of 2005, "virtually any deal could get done, the market was not discriminating," Yin said. That's changed. Three deals worth almost $1.5 billion, for junk bonds from Cheniere Energy Inc., Diamon Inc. and Hughes Network Systems were all postponed last week, Fridson said. (Add to this $250 million of high yield notes by Sirius Satellite Radio that was recently canceled - mentioned in Grant's ) Banks trying to sell high-yield debt also are finding fewer buyers. "A $3 million deal might get done, while a $3 billion deal might not get done because there aren't enough players," Fridson said. (Martin Fridson, publisher of the weekly "Leverage World" newsletter is quoted a lot in Grant's )

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next