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

To: E_K_S who wrote (55794)	8/3/2015 10:43:54 AM
From: E_K_S	1 Recommendation Recommended By Grommit Read Replies (2) \| Respond to of 78714

EXCO Resources Inc. (XCO) - *EXCO RES INC Coupon Rate 7.500 % Maturity Date 9/15/2018* Picked up $5K face value of the XCO Senior Debt Bonds. I paid $470.00 per $1K Bond. YTM is 38% (12.5% annual). New CEO Wilder and activist investor Wilber Ross have large holding in the common shares. There is also a proposed 'reverse split' for the common that will provide additional capital to support credit facility. --------------------------------------- Plan is to hold until maturity and/or take any offer to exchange debt for equity then hedge my small position by selling the newly issued equity shares. EKS