Monday, March 8, 2010

U.S. Concrete (RMIX) Excitement

Lots of visitors today searching for "RMIX bankruptcy" and coming from the Google Finance page for U.S. Concrete. I guess there is a fair amount of interest in the situation.

All I can say is... buy the bonds, not the stock! For the stock to be worth anything, the company basically cannot fail to pay principal and interest on the bonds, which is a 25% yield at current bond prices!

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