Distressed Debt Watch - April 2018
- FTR (Citizens Communications Co) 7.875% due January 2027, trading at 54 ytm ~19%.
- EGLT 5.5% due April 2020 trading at 36 ytm 70%
- XCOOQ (in bankruptcy) both notes trading 13-14 cents
- Sears 8% due December 2019 trading at 35 yielding ~90% to maturity
- Windstream Corp 6.375% due August 2023 trading 57 cents yielding ~19% tm
- GNC 1.5% due August 2020 trading 73 cents ytm 15%
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4 comments:
GNC situation kind of interesting...
What are your thoughts?
Large buyers of FTR paper around, hear Goldentree involved
I own 7.45s '35, good value
Are you hedging those?
Don't you think you are out of the money?
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