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DewDiligence

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DewDiligence

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Re: Democritus_of_Abdera post# 9224

Friday, 12/05/2014 12:16:27 PM

Friday, December 05, 2014 12:16:27 PM

Post# of 29445
CLF rebound today is mildly encouraging. As noted in my post yesterday (#msg-108751030), I think a bond swap may still be in the cards; however, CLF has more work to do to figure out what terms will be mutually acceptable to the company and the new-bond buyers.

Alternatively, CLF could simply tender for a portion of the old bonds (without issuing new ones) after completing more asset divestitures.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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