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Posted

very amusing...

 

"Downer EDI Ltd.... Reported disappointing cost over-runs in a key project. We thought something named "Downer" was a long. Oops."

Posted

Interesting ATPG trades. I need to start splitting the difference on debt and shares in distressed situations. The same move worked quite well in FBK. I held common in both and got left holding the bag to some degree.

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