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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: FESHBACH_DISCIPLE who wrote (63095)6/23/1999 7:16:00 PM
From: Bill F.  Read Replies (2) | Respond to of 132070
 
i don't disagree with you.i generally avoid crowds,mu my only exception.what names do you prefer?



To: FESHBACH_DISCIPLE who wrote (63095)6/23/1999 7:17:00 PM
From: Michael Bakunin  Read Replies (1) | Respond to of 132070
 
Guarantee? I have no idea what you hold, and still find that hard to believe. What-ifs sometimes happen, even, I expect, to you. In which shorts have you such faith? -mb



To: FESHBACH_DISCIPLE who wrote (63095)6/24/1999 2:15:00 AM
From: PaperChase  Read Replies (1) | Respond to of 132070
 
>>In reality (IRID) stock should be higher than the bonds, because of their better bargaining positon at the restructuring table. <<

I'm not sure I follow you on this one. Unless otherwise specified in the debt instrument, bond debt has priority interest (and recourse to the company's assets) over the common equity shareholders. This is somewhat akin to a first mortgage having a priority over a second mortgage. So what am I missing?


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