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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (48949)	7/31/2012 2:09:10 PM
From: E_K_S	Read Replies (1) of 78743

Supervalue 5/2016 8% $1,000 Par Bonds goo.gl Qsip: 868536AT0 Last price: $863.30 per $1,000 Note. Bonds mature: 5/1/2016 Semiannual payments: Nov/May Yield to maturity 12.5% With the Fed signalling that they will keep rates low for another year (thru 2015), I decided to buy a few of these Corporate high yield bonds to create a ladder at maturity for some of fixed income money. These will go into my preferred & GNMA basket of bond money. Hopefully, the bonds will be paid off at Par May 2016 (or earlier) when/if SVU (1) rolls over this debt and/or (2) pay off the bonds. SVU discontinued the common dividend and are applying the proceeds to pay down this debt. Debt is also secured by their real estate holdings although it is still rated junk B- by Moody's. My plan is to holds these to maturity about four years. EKS

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