Q: Can you please clarify your answer you gave to Saad re Sherritt bonds re the alternative of cash vs rights.
Your recco wan't clear.
Which one would you choose?
Sheldon
Your recco wan't clear.
Which one would you choose?
Sheldon
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: I own some of Sherritt bonds that matures in 2018. Would you agree that the probability of this proposal to succeed is very high? What does this mean to the chances of the company survival? Would you recommend taking the consent incentive in money or in warrants? Would it advisable to add to my holding of this bond? My holding is insignificant as a percentage of my total portfolio. Are bondholders entitled to receive the maturity value on maturity date, or would that force the company to file for protection because it might not be able to meet their obligation?
Thanks.
Thanks.
Q: You recently answered a question by Isabel about Sherritt bonds. Where does one go to see what is available in high yield bonds? I use TD Waterhouse as a broker, and when I search high yield bonds, I only find a very small selection, usually 5-10, and I couldn't find the bonds Isabel was asking about. The same thing happened when I searched for Pengrowth Energy bonds that I read about in an article a couple of weeks ago. Where can I get a complete listing? Thanks for your help.
Q: I have invested in Sherritt bonds in the past when they came under pressure and made capital gains at maturity. I am looking at the bonds that are due November 15, 2017 with a coupon of 8% and priced at $51.50 per $100.00 plus accrued interest and was wondering what your thoughts would be of purchasing $10,000.00 face value for approximately $5,550.00 and holding till maturity.
Thank you
Thank you