TMST, Inc., 8% Senior Notes (TMA.GB)

[vpagano]

Mental note:

$45MM / 0.3MM Notes outstanding = $150 per

Last MOR had ~ $115 per note of assets currently

$115 + $150 = $265 per vs. $160 for the last trade:

http://finra-markets.morningstar.com/BondCenter/BondTradeActivitySearchResult.jsp?ticker=C170460&startdate=08/01/2012&enddate=11/01/2013

Overly simplistic, but anyway value remains intact.

-Pagz