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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn D. Rudolph who wrote (146247)8/26/2002 6:25:32 PM
From: Alomex  Read Replies (1) | Respond to of 164685
 
Why would the bond holders be willing to turn in the debt for less than face value?

Because the alternative is bankruptcy... That is why AMZN debt trades at a discount (don't forget that Bill Mason bought a large chunk of Amazon's debt at half price or thereabouts...)



To: Glenn D. Rudolph who wrote (146247)8/26/2002 8:05:18 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164685
 
If it trades for less than face value then there are obviously people willing to take it.