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Re: DNDN at 2.10this referenced post might be worth re-reading… it makes a simple/straightforward case for holding the debt instead of the equity… and as i posted therein, i might take a position in the bonds after the 10-q is filed. but why wait for the 10-q ?… because there's a lame duck CEO and all the senior execs are long gone, they've had 20 open reqs in sales, and they haven't given any indication that they'll even hold a Q2 CC… that doesn't bode very well for any favorable news, absent which i expect both the pps and the bond pricing to print new lows. to wit, pps after Q2 ERs/CCs: 2011… $37.22 down to $11.34 2012… $6.50 down to $4.17 2013… $5.38 down to $3.38 2014… maybe this time will be different, but that's not my bet |
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