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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (33908)3/21/2009 12:35:37 PM
From: peter michaelson  Read Replies (1) of 78743
 
Spekulatius:

Have you tried to buy any of those BDN bonds?

While BDN senior bonds with a 20% YTM sound attractive, I have often discovered those posted yields to be inaccurate or not an accurate reflection of the bond's true pricing.

cxa.marketwatch.com

That display shows some bonds at a 20% ytm, but others at only 13%, 14%, or even 7%.

If 20% is real though, I'm thinking if buying the bonds and a little common stock is a better deal than buying the preferreds. Maybe you can get the same upside, with better downside protection.

Peter
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