cm2
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Posts posted by cm2
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Why worry about T dividends when you can buy $KTBA (AT&T/ BellSouth, BBB) 7% '95 in USA: 10% Current Yield, 10% Yield to Maturity, 30% discount to par value, sole underlying *BBB* bond BellSouth 7s '95 Cusip: 079867AP2 is 100ish bid. AT&T has previously tried to buy back entire issue, 3rd parties are trying to steal from retail https://tinyurl.com/3nt74ru4 https://tinyurl.com/ycxdac2x
$KTBA pays .875 on 6/1, 12/1
Expert market, full service brokers only -
"PMIR" $825mm NOL shell (p18), 2.1mm shares, sb trading $20+/share based on comps (typically 5-10% nominal NOL) , but "Expert Market" / full service brokers only
Lancer Capital / Avram Glazer ($MANU, Tampa Bucs etc) lead investor
Happy to discuss -
https://d1io3yog0oux5.cloudfront.net/_70d6eb29082d14d5c271e79d3d83f75e/pmigrp/db/224/391/pdf/staples_scan.pdf -
Fair amount of $KTBA trading this week - "Expert Market" only - no discount, electronic brokers
Merrill Lynch, other full service brokers ok
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On 6/9/2023 at 10:42 AM, whatstheofficerproblem said:
Agree with @Spekulatius on this. When you're buying you have to pay the ask, however. On Schwab, it's a 6.67% yield and priced at $104.86. I'd also be 105 when it matures.
KTBA "Bonds" trade into the bid almost every day...you just need to make/advertise the best bid...topping the bid by 1/4 point has v little effect on yield.
These traded almost as high as $30 during period of low/no rates. Inexperienced investors can always make an unlimited number of excuses for their own failure to seize opportunities when they present themselves.
These are gold.
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On 1/26/2023 at 8:19 PM, Sweet said:
Depends how big your stake was?I had a large stake
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Why bother with T dividends when you can buy $KTBA (AT&T/ BellSouth, BBB) 7% '95 in USA: 9.35% Current Yield, 9.35% Yield to Maturity, 25% discount to par value, sole underlying *BBB* bond BellSouth 7s '95 cusip 079867AP2 is 100 bid. AT&T has previously tried to buy back entire issue, 3rd parties are trying to steal from retail https://tinyurl.com/3nt74ru4 https://tinyurl.com/ycxdac2x
$KTBA pays .875 on 6/1, 12/1
"Expert Market" only - no discount electronic brokers
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How does one invest in Wintaai please?
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I think Alpha Met will earn 100% of its market cap in 2022, 2023 at these met coal spot prices, could pay out $50+ special dividend each year
The warrants are incredibly cheap, I think already worth $21+ using Black Scholes and 1.15 Exchange ratio
https://www.nasdaq.com/articles/dalian-met-coal-coke-hit-record-high-on-supply-crunch-2021-09-09
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The guy that asked the question was John D'Urso from Kahuna Capital, he is a very smart, successful distressed and special situations investor. At one point I believe he was MD of Special Situations for Bob Robotti. I have personal knowledge of several situations that he has invested in where he has made 500%+ returns, including some secured real estate transactions.
He's very gregarious as well, kind of like a Peter Cundill.
If anyone has anything interesting to share with him I can put you in touch - just send me a PM.
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I will be in Omaha May 1 - 5, interested in meeting with professional investors, groups.
Would really like to meet Charlie Munger, DJCO meeting was on Valentines Day (my wedding anniversary) this year.
Serious PMs appreciated.
$KTBA (AT&T/ BellSouth, BBB) 9.2% CY TRUST PREFERRED (OWNS ATT OPCO DEBT)
in General Discussion
Posted
$KTBA (AT&T/ BellSouth, BBB) 7% '95 in USA: 9.3 %CY 9.25%YTM, 24% disc to par value, underlying *BBB* bond BellSouth 7s '95
079867AP2 trades 100. AT&T has previously tried to buy back entire issue, 3rd parties now trying to steal from retail https://tinyurl.com/3nt74ru4 https://tinyurl.com/ycxdac2x
Trades in "Expert Market" Full service brokers only / no online, discount brokers