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

To: Jurgis Bekepuris who wrote (30948)	5/14/2008 12:03:49 PM
From: Madharry	Read Replies (2) \| Respond to of 78740

The line of reasoning that If I had the money I could retire the debt at this price is flawed becuase the fact is they dont and they cant, and if their situation should improve then that debt will cost more to retire. Its a legal liability at par as long as its not retired and accounting is supposed to be conservative not liberal. Furthermore it doesnt take into account that the price of the debt will increase as more of it is repurchased so valuing it all at the market price is spurious too. It is as black and white as i suggest because I am in investor and I want to know what a company's current legal liabilities are, not what some impractical far fetched possibility might be.