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

To: Area51 who wrote (47336)4/12/2012 10:54:24 AM
From: MCsweet1 Recommendation  Read Replies (2) | Respond to of 78476
 
GMXR,

Take this with a grain of salt, since I know little about GMXR. However, I do see the convertible bonds due in 2013 are yielding 49% to maturity as of today. This lack of confidence would make me antsy buying the stock or the preferred. I'd especially much rather own the bonds than the preferred, as the preferred likely will not get anything in a bankruptcy.

The stock is harder to tell. The stock has the same downside risk as the preferred, but has more upside if the company survives.

That being said, I will not be taking a position in this one.

MC



To: Area51 who wrote (47336)4/12/2012 4:31:42 PM
From: Paul Senior  Respond to of 78476
 
GMXR. I'll follow EKS and take my losses now on this one. Maybe come back in later.


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