Tuesday, August 5, 2014

Will They Or Won't They? $NIHD

The NIHD 10% "capco" bonds traded at a new low of 25.99, new high ytm of 105%. Current yield is 38%!

There's a 5 cent coupon due on Aug 15. That's a $40 million dollar check for the company to write. Will they or won't they?

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