hi dannyyee,Only fairly priced at 16% yield? Where else can you...

hi dannyyee,

Only fairly priced at 16% yield? Where else can you get that sort of yield without significant earnings risk or capital risk in these uncertain times (DYOR but I found them bullet proof other than liquidity risk) and with a 30% ballon payment sometime in the future?

Personally I would be very happy to hold these 20 years at 16% yield (say about 9% above bank deposit rates) but alas I fear they will be redeemed in 2-4 years when the dust settles and cheaper finance is available again. The best high yielding hybrid going around on a risk-weighted basis IMHO.

goodluck