Myth465 Posted August 12, 2009 Share Posted August 12, 2009 Just wanted to see what you guys thought were some good bond issues. The one I like the best is ICO's 2014 bonds YTM = 14%. http://www.investinginbonds.com/corporatebonds/(bsca0555h5cg1pz1euwafp45)/cusip.aspx?action=all&cusip=45928HAA4 3 months ago was better but, do you guys see anything interesting out there. Compton Petroleum is interesting but, slightly risky. Link to comment Share on other sites More sharing options...
T-bone1 Posted August 12, 2009 Share Posted August 12, 2009 Compton has great assets, but the market for those assets might not recover before their secured debt comes due. I would be very careful of any company with a lot of secured debt maturing that can't be paid off. There is currently a dearth of debtor in possesion financing in most bankruptcy cases, which allows the secured creditors to run roughshod over subordinated creditors, charging high rates of interest for DIP financing and forcing 363 sales etc. Link to comment Share on other sites More sharing options...
Myth465 Posted August 12, 2009 Author Share Posted August 12, 2009 Thats my biggest fear with Compton. They really have no way to pay off the debt. My new favorite idea is ICO Convert Bonds. http://www.investinginbonds.com/corporatebonds/(ayale155qnnpizqgggmagcv4)/cusip.aspx?action=all&cusip=45928HAD8 12% yield with a Kicker on the convert. Link to comment Share on other sites More sharing options...
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