SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Income Investing -- Ignore unavailable to you. Want to Upgrade?


To: Privately who wrote (51685)10/11/2024 6:11:41 PM
From: Elroy  Read Replies (1) | Respond to of 52119
 
Fair enough. NGL's debt is rated B, which (as I understand it) is below investment grade, and better described as junk bonds.

Ok, living on the edge. Maybe in a year the ratings will upgrade, the balance sheet will be stronger, and the preferred will still be paying. But by then I figure they're more likely to be $25 than $23, and that's the risk.