Replies to post #113 on TMST, Inc., 8% Senior Notes (TMA.GB)

[Olmsted]

Yeah Vince 1-2% recovery seems like a pretty good conservative scenario (well, not as conservative as dismissal, but barring that...). Serious upside in all other scenarios. Seems like a good risk-reward around 80-ish. Would still like to pick some up a bit cheaper for a better MoS.