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Technology Stocks : WDC/Sandisk Corporation
WDC 163.00-0.4%Nov 7 9:30 AM EST
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To: BeenRetired who wrote (60029)3/30/2016 1:43:18 PM
From: Art Bechhoefer2 Recommendations

Recommended By
david1951
FJB

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". . . a $1.5 billion secured bond is now being offered with a yield of more than 7 percent . . ."

A secured bond at that rate could not be a senior secured bond but more likely would be secondary to other debt. In any event, these interest rates appear to be very high and designed to be in the interest of the banks, not WDC shareholders. The projected debt service costs make me wonder about the desirability of WDC common shares, even at their current price near $45, which is down from $48 yesterday.

Art
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