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To: Roads End who wrote (228246)	3/15/2003 9:45:18 AM
From: reaper	Read Replies (1) \| Respond to of 436258

<<Ditto, but those rates look tempting.>> yes, they are. and unlike equity holders there's a chance that bondholders might not be made to suffer too badly if F really does go under. that said, i won't touch corporates right now; only fixed income i have is treasuries. i look to the corporate bond market as a signal for where stocks are going, not to actually price / buy corporate bonds. the $2 price target on F is stupid. at this point there are two available outcomes; i'm wrong and F is really OK, and the stock goes back into the mid-$teens. or the company goes BK. there is no available solution set where F trades at $2. presumably the guy meant to say "zero" but just couldn't bring himself to say it. Cheers