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

To: Area51 who wrote (47426)	4/13/2012 10:53:48 AM
From: Jurgis Bekepuris	Respond to of 78486

Fido shows 38011MAB4 just fine. This does not guarantee that you'd be able to buy it though. From what I understand ~50% yield is yield-to-maturity. The coupon is 5% and the price is ~70 right now, so it's not current yield. And there's only a single coupon left on 8/1/2012. So really the ~50% yield comes from the coupon + expectation that the bond is redeemed at par on 02/01/2013. Whether it's a great value, depends on the probabilities of GMXR going bust by the maturity date. If you assume over 80% chance of GMXR surviving, then it's an OK deal. Otherwise, not really. :) In either case better than prefs... :) I think I'll pass though.