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Biotech / Medical : Biotech Valuation
CRSP 55.84+1.8%Dec 19 9:30 AM EST

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To: Robohogs who wrote (26541)4/5/2008 12:23:00 AM
From: Robohogs  Read Replies (1) of 52153
 
I was thinking about this. Remember the Leveraged Loan pricing got out to 600 bps at one point and is now 367. When I first started doing leveraged loans, pricing was in the 300-350 range, so we are close to more normal, non-super bull conditions. The banks might even be able to sell some loans and close some deals. Makes me wonder if CCU and BCE don't ultimately get done. BCE much higher odds vs. CCU, given litigation. I read somewhere that the banks were surprised by the suits as they were haggling over some revolver terms and thought they were close so maybe it does come back.

Jon
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