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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: sammie44 who wrote (164767)2/29/2012 5:53:42 PM
From: Bearcatbob1 Recommendation  Respond to of 206325
 
"S&P, in its latest writeup stated they believe the bonds would see 0-10% recovery in the event of default. I know many in the credit markets think bonds recover 40 cts or less in default."

That is all I need to know about that one.

Bob



To: sammie44 who wrote (164767)2/29/2012 6:06:03 PM
From: kollmhn  Read Replies (2) | Respond to of 206325
 
"S&P, in its latest writeup stated they believe the bonds would see 0-10% recovery in the event of default."

Wow. THAT is a surprise to me. I guess I need to find access to S&P.



To: sammie44 who wrote (164767)3/1/2012 8:25:59 AM
From: Robohogs  Respond to of 206325
 
The bonds by being second lien should come ahead of various and sundry other liabilities although in practice, trade may get paid to allow biz to continue. But unsecured general creditors come last. The best debt is first lien stuff at the subs, assuming enough assets at such sub.

Jon


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