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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (3037)2/11/1999 6:38:00 PM
From: Benkea  Read Replies (1) | Respond to of 3627
 
Hell no the bonds were not 12%. It was more like 6% ish.

"Silverman complaining how their bonds were selling at D level prices whereas he would rank themself at least a B or B+."

He is lucky anyone even touched em. Nothing like a company with a 40% debt to equity ratio with potential class action exposure of at least 60% equity.