InvestorsHub Logo
Followers 217
Posts 28308
Boards Moderated 2
Alias Born 02/24/2002

Re: ToyotaMR2s post# 155

Monday, 11/16/2009 7:51:04 AM

Monday, November 16, 2009 7:51:04 AM

Post# of 267
The face value for the CITBQ preferreds is $25. 10% would be $2.50.

FWIW, LEAR just exited BK. In the reorganization proforma they estimated the new shares would come to market at about $35 a share. The 'when issued' shares closed Friday at $65. The bondholders made out very well.

Personally I bought their bonds at 25 (25 cents on the dollar) I sold them at 62 for a nice profit. Now I wish I would held some.

Joe

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.