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

To: MCsweet who wrote (47416)4/12/2012 2:47:35 PM
From: Area51  Read Replies (1) | Respond to of 78478
 
Thanks for the thoughts. Seems like many have given up on GMXR (and for some good reasons, they were primarily a natural gas producer with a lot of debt and that spells disaster, but they have taken significant steps to reposition to being an oil producer). You have the cusip id for those bonds with 49% YTM. I'd take some of that. A51



To: MCsweet who wrote (47416)4/12/2012 2:52:35 PM
From: E_K_S  Respond to of 78478
 
Re: GMXR & GMXRpA

Thanks for the heads up on their bonds. I closed out my losing equity position today but still have a few of their prefered shares (GMXRpA). I bought some at $7.50 and another lot at $19.00, so my average cost is ok.

I do think there are better E&P's today to speculate in. GMXR was one of my 16 E&P companies in my basket. I now have trimmed those positions to the top 8. GMXR did not make it.

EKS


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