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

To: Spekulatius who wrote (53352)2/7/2014 11:25:16 PM
From: MCsweet  Read Replies (1) | Respond to of 78748
 
Re: GTS

They own pre-refunded bonds which are safe. They also own $20 million of some highly-rated Puerto Rican bonds, but with Puerto Rico downgraded to junk, it is not clear how safe those are now.

Puerto Rico has been in recession, but I think there is a possibility of default. This link summarizes the current mess the territory is in, and it looks truly awful
forbes.com

Your company-specific reasoning sounds quite attractive. I'll have to look into it further to get a feel whether the company will hold up ok if Puerto Rico implodes.

Thanks,
MC



To: Spekulatius who wrote (53352)2/11/2014 9:42:46 AM
From: MCsweet  Read Replies (2) | Respond to of 78748
 
GTS,

Superficially GTS earnings look poor, including the discontinuation of forward guidance (citing Puerto Rico downgrade and various other issues).

It will be interesting to hear the call.

MC


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