Recent content by buffett1973

This is the first time experiencing a bankruptcy from bondholder view. Do you know the process? Who will represent the 2012s in court? Is it the same committee that supposedly represented the 2012s in negotiations? I still don't know who the 2012s are and who represented them (consulting...

Well, looks like we'll find out very soon (one article said tomorrow before market open). Even though it was a spec play I felt pretty good about buying the 2012s. I'm still hoping that the 2012s are teaming up with Ichan and his 1/3 of the seniors to convert to equity. This would eliminate...

What are you thinking of the bonds at this point? Are you still in? I purchased more at 4 cents a few weeks ago. I still like the risk/reward. Today's trades to 10 and 11 are promising. I was happy to see the 2012 interest in my account on the 1st. Then I was unhappy to see it reversed on...

The market may be underestimating the 2012 bondholders. Chances are, the majority 2012 bondholders are experienced professionals, especially if your theory about a 200 million position at 25 is correct. Not many professionals would take such a gamble if the odds weren't at least in their favor...

Thanks for responding to my post. I understand your frustration. I've been in that position before (and am now if you take account of my 2012 bonds). However, I feel pretty good about the situation. I don't think it's to the benefit of any stakeholders (including suppliers) for BB to go...

DeltaSpread, I'm new to this site and came upon this thread about Blockbuster. I was someone who took advantage of the Sirius situation and am now looking for another distress play. I've been researching BB for the past few months and even attended the recent annual meeting in Dallas (which...