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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (8220)9/11/1999 10:38:00 PM
From: jeffbas  Read Replies (1) | Respond to of 78817
 
Armin, the debt at that level is definitely the way to go if one has to buy into the company. I would not touch the stock with a 10 foot pole. The debt will give a superior return to the stock if the company recovers and probably superior if it does not.

The Moody's review is very helpful reading:

biz.yahoo.com

I personally would buy the 7's of 11, if I were interested, as they are a higher ranked credit, and publicly traded on the AMEX. You get close to 17% return and a potential 140% gain.

But note I have no opinion on the company -- just on the way to play it if someone were interested.