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Re: ckmac post# 702

Sunday, 05/29/2016 8:02:02 PM

Sunday, May 29, 2016 8:02:02 PM

Post# of 4800
True. Very True Actually. I've seen a lot of errors in SA articles. A lot! But the one that the Asian guy wrote which I've posted is very well thought out and documented. I simply think given that analysis and the fact that they are in BK the Bonds are a better risk reward.

Frankly I hope there is plenty of residual value to the units...that would mean that I'd get approximately par on the bonds. about a 10X return from my cost avg. So we're on the same team in a way. I just hope that if you're not a flipper and you intend to hold... you are aware of the CODI risk.

I owned a 50k units at one point and swapped it out for 600k face of unsecured.
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