Replies to post #103 on LaSalle Re Holdings Ltd. (fka LSRAF)

[temp luvs amy]

Back in 08?

My GMAC's were trading at 15.


They are trading at 94ish now.

Paid me coupon all the way.

Welcome to the world of crazy Junk Bonds.

[temp luvs amy]

I finally found those things on FINRA.

It doesn't even look like those banks are still in, according to the outstanding debt numbers. FINRA doesn't show a coupon.

Not many positive ways to look at it, but if we hold the only senior notes and TALLCO goes BK, then we should own the shell. I am not looking forward to a share distribution. I held this shell long enough and there just isn't enough R/M potential.