Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (81278)	10/8/2008 9:52:04 PM
From: Real Man	Read Replies (1) of 94695

Both GM and F are. F seems to be the best of the three, old "C" is the crappiest, but it ain't public. This is an example of how the blow-up of CDS drives the bonds of a company to really unreasonable values. Hedge funds then buy bonds, short stock as a hedge, drive it to zero. Speculators pile on. The companies will survive, but I am not sure about the stocks. At worst they can be nationalized or restructured (and become the property of bondholders) In any event, if credit unfreezes, BK filing would be a few years away. But they've got problems. Actually, I am thinking of dipping my foot in those again. It hurt the first time I tried -g- Never seen an automaker that cheap before, so I tried, and guess what? They got cheaper -g-

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