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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: carranza2 who wrote (43309)10/12/2005 10:31:15 AM
From: patron_anejo_por_favor  Read Replies (2) of 110194
 
>>let him fop of the pension liabilities onto the Feds while he screws the Unions, buy while he's doing all this, and you'll end up with a nice holding.<<

If he can do this, you're right, it's a great buy at some point....I'm not at all sure he can do it outside of bankruptcy (especially with GM now assuming DPH's pension liabilities). I think the maneuvering over the last few days was designed to give him an exit strategy, we'll see if it works. Alternatively, a safer play would be to buy the bonds, in the event of BK you'll get some equity....if no BK then you get a nice high yield and a probably rebound in the price of the bond as the stock rises.
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