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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Brian Sullivan who wrote (1431)6/24/2014 1:56:03 PM
From: Kirk ©  Respond to of 26557
 
Good!

Moody's Investors Service estimates 65-80% of tobacco bonds are headed toward default

E-cigarettes could stub out tobacco bonds sooner than thought

reuters.com
The states with the highest populations, such as California and New York, are owed the most. The majority of them arranged to get much of their money up front by selling bonds and pledging the annual payments to the bond holders.
I wonder who holds most of these......



To: Brian Sullivan who wrote (1431)9/19/2014 1:36:26 PM
From: Brian Sullivan  Read Replies (1) | Respond to of 26557
 
Sold out of FNSR today.
Growth prospects don't look promising to me.
Added AIG instead.