Hi Boomer,
what do you rate the chances of the PA getting paid dist next Sep 2011 ? obviously market fairly uncertain about that. since it is not cumulative there is no push for the company to make an effort in that direction- cheap money for them which they dont have to service.
l agree that in a t/o unlikely to get face value for the PA so the question is whether it is worth the risk holding them ?
eldpa move today, page-7
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