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Joe Stocks

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Joe Stocks

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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

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