Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Giordano Bruno who wrote (85303)	8/18/2007 9:17:06 PM
From: Joe Stocks	Respond to of 110194

I don't know. When Calpine went into BK I bought their bonds at 29 cents on the dollar, and recently sold them for $1.15 on the dollar. Would CFCpA do as well? Don't know! You have missed the reason of my original post. Mr. Kern asked; ">>Countrywide debt..Any idea how we could go about bidding on it?" << I simply gave him an idea on how in reply. You on the other hand replied in context to my reply to his inquiry to invest in Muni's. How does that relate to investing in Countryside's debt? Got me! That why I came back to you with the apples to oranges comparison. It is nonsense to try to compare the two investments as they have totally different dynamics. I agree that Muni's offer a very safe investment (although with less tax revenues coming in their are some starting to question their safety). I think muni mutual funds are less safe. Personally my portion of my portfolio that I want minimal risk, I buy treasuries. Anyway, I see no need to discuss muni's versus CFC's discounted debt. Muni's are just right for some folks. CFCpA might be good for others that want to take on a good bit more risk in return for much higher profit POTENTIAL.