Cheap Debt, Upcoming Maturities, and Big Market Caps
| Ticker | Company | Maturity | Bond Price | Market Cap | Optionable |
| GMXR | GMX Resources | Feb 13 | 65 | 100 | Y |
| MNKD | MannKind | Dec 13 | 56 | 285 | Y |
| THQI | THQ | Aug 14 | 50 | 42 | Y |
| USU | USEC | Oct 14 | 47 | 147 | Y |
| KV-A | K-V Pharma | Mar 15 | 67 | 80 | Y |
| YRCW | YRC Worldwide | Mar 15 | 36 | 60 | Y |
| GMXR | GMX Resources | May 15 | 49 | 100 | Y |
| ATPG | ATP Oil & Gas | May 15 | 75 | 400 | Y |
| JRCC | James River Coal | Dec 15 | 62 | 200 | Y |
| HMIN | Home Inns & Hot | Dec 15 | 77 | 1200 | Y |
| DNDN | Dendreon | Jan 16 | 78 | 1500 | Y |
| AONE | A123 Systems | Apr 16 | 41 | 250 | Y |
Posts
6 comments:
I love your blog. Been reading for over 3 years. Can you please explain the play here?
The idea is that the stocks are overpriced relative to the bonds.
good job cp, too bad i am restricted... i am not big on y anymore, because the union screwed the last debt to equity conversion, and that just puts too much j risk on it...
good job cp, too bad i am restricted... i am not big on y anymore, because the union screwed the last debt to equity conversion, and that just puts too much j risk on it...
What are you talking about? YRCW?
yes.
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