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Does that mean Gary Johnson might be the next president? Lol

I would assume the shareholders either won't get anything or would get a tiny portion just to make them go away. But looking at the capital structure, I can't see how they realistically expect to get anything considering bond holders won't be made whole for awhile, if at all. Thanks for...

Looking at bond quotes on IB, I see several bond issues that are institutional only, so not sure which ones encompass all of the second lien tier. With that being said I found info on the 8.75% second lien and the last closing price I could find is @ 40, but no clue how close to accurate that...

I'm actually still in the midst of my first bankruptcy with one of these, but I believe everything is automatically converted. The only time you should do any type of applying is if they make a special offer to bond holders in an attempt to restructure before chp 11. I'll be at my computer...

Yeah, thanks for the analysis. I'm not so sure on this one. I came across the preferred shares for Dynegy trading under $50 on a $100 par. I think the yield is around 11% currently. I am going to dig in a bit on this. They filed bankruptcy a few years ago and they have coal plants which is a...

If they are so dumb to sell them, does that mean you are super smart and buying them all? But I do agree I would be hesitant when working with very small premiums. But if it's a covered call then it doesn't matter

Have any of you all seen the Chesapeake preferred shares? They have been killing it, over $40/share now! Regretting halving my position twice on that one lol. It is funny, because the second time I sold right afterwards I was sitting there thinking I bet I am going to regret selling that lol. Oh...

I appreciate the vote of confidence from you all! But you are right, I've had quite good success up to this point, but I just feel like there is so much for me to learn. I'm kind of just riding the wake of a big ship since I have no way to actively play any part and am limited on what I have...

Probably a decent amount. The potential returns are definitely there, BUT to even access a lot of the products you have to be an institutional client. Not sure what kind of capital would be necessary for that, but I would venture to say $5m+. I can access a lot of the public debt of course, but...

I wish this would include the finance work I've been doing currently, but I doubt they care about it much at all. I'm thinking it will make sense to get in touch with these PE guys that I have access to through work, maybe not try and set up a formal interview, but see if I can just get some...

Interesting, I have done a solid job of making it to where I am by networking and have hopes I can continue that trend. That would be awesome on a recruiting company covering part of the tuition though, that would be huge for sure. Basically I need to figure out a game plan for how to get...

That is what I was afraid of on the internship being key. I have looked through Vandy's graduate details and saw some of the stats. A lot of the people stayed in the south east, but there definitely were some that went on to IB in NYC. In doing a little research online, I read they have had good...

I 100% agree with this. I've always been of the mindset that since I went to a non target undergrad, if I do decide to get my MBA I want to go to a top tier school if at all possible. It isn't quite top 10, but Vanderbilt is near me, the Owen School of Management. I believe they are top 25. That...

I might just create a new thread on this (it's a long shot though), but anybody reading through here, do you know anybody at the big restructuring firms? A little backstory on me, I'm 24, have a finance undergrad from a non target. I work as a financial analyst for one of the largest insurance...

@A.J. Sutton This has been a productive dialogue....lol :banghead:

If I recall correctly, GEO is more diversified globally, so if there is any hope of a comeback, that might be the better play between the two if looking at anything longer term. Not that you are Zandy :D

Yep, that is who I use. I think it is a really interesting area worth exploring. Seems to be a lot of potential at times, but I am very new to it still. Another interesting higher profile situation is Caesars, the casino. It looks like it is going to continue to be a long drawn out fight. I...

I know it has been a little while since I posted an update, so thought I would get one out there. CHK Preferred, I can't remember if I detailed the second transaction, but I have cut my exposure in half two times on this one. I did the other transaction awhile back though. So I currently have...

Just checked both of these plays, nice job! Looks like if you held them you made a solid return.

Ok, I just read more into the filings. AJ, correct me if I'm wrong, but looks like unsecureds will be getting 15% of the company and have $10m split amongst them. -Second lien outstanding $1,328m gets 85% of the company -Unsecured outstanding $2,349m gets 15% of the company I wonder if...