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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: RevoltNapper6 who wrote (164758)2/29/2012 5:09:18 PM
From: sammie441 Recommendation  Read Replies (2) of 206305
 
>> Do we know what the bonds are telling us? Are those guys finding any courage? Maybe we should be buying the bonds.>>

ATPG bonds, trading around 65.5, up maybe 2 points since the Telemark announcement Monday, but down a couple points from the highs this week. Still yielding 29%. Buy them and you make about 125% if you get paid par in May 2015. They presented at JPM leveraged finance conf this week, color i've heard is not much new from meetings there, but not surprising given they haven't released earnings yet. The yield state above speaks for itself relative to the risk in the stock.
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