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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (43325)10/12/2005 11:49:46 AM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
I think a BK is the basis of Kerkorian's thinking.

That makes no sense to me.
Why buy a stock at $32 if you think it is headed to zero?

Mish



To: carranza2 who wrote (43325)10/12/2005 11:58:09 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 110194
 
i have never heard of anybody buying equity with the hope of bankrupting the company. if you think a company is going bankrupt, equity holdings do the worst in a workout. you might look at discounted senior debentures. this is the way Buffett and Southeastern Capital played Level 3. they left the equity alone and bought the bonds at 35% YTM.


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