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DewDiligence

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DewDiligence

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Re: jbog post# 21889

Tuesday, 04/21/2020 11:17:36 AM

Tuesday, April 21, 2020 11:17:36 AM

Post# of 30495

CLF—The best option is to screw the bondholders again.

Ask and ye shall receive! See #msg-155150398.

p.s. I wouldn’t characterize CLF’s maneuver as “screwing” the bondholders, but rather as taking advantage of an arbitrage opportunity based on market prices.

p.p.s. CLF is +2% today while the broad market is down. Investors like these kinds of debt-eradicating maneuvers.

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

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