The anticipation is, people will bid against each other and drive the price up.
More Quotes from Ron Bringewatt:
Most of the bondholders probably bought these bonds cheaper than 80 cents on the dollar and they may be inclined to exchange at least some of what they own to help the company along -- and then their remaining bonds would be more valuable.Ron Bringewatt
The biggest positive is that it pushed their maturities out, which gives them more time to grow into their capital structure. This is also indicative that Paul Allen and ownership don't want Charter to file for bankruptcy.
Ron Bringewatt
That makes it more difficult to argue that a bankrupt company is cheap. There is more demand for distressed than there is supply.
Ron Bringewatt
The best way to defend their position in the private-equity space is to affiliate with a distressed-debt fund.
Ron Bringewatt
Readers Who Like This Quotation Also Like:
Based on Topics: People QuotesI know people think we drive around in these nice cars and we do whatever we want and our parents will pay our credit cards, but that's not the case. Sure, my parents were generous; I got a nice car at 16, but at 18 I was cut off. I've worked really hard. I opened the store myself.
Kim Kardashian
Keep it in tune with the times, but don't write with the specific purpose of trying to create a hit. If you're doing it strictly to make money, you're crazy. There are easier ways to make money.
Dorothy Fields
I have my own definition of minimalism, which is that which is created with a minimum of means.
La Monte Young