Here are some rough comparisons with regard to the bond activity between CEMJQ and PGPDQ.
The CEMJQ bonds are at record highs, and this points to the fact that behind closed doors, somebody knows something. These bonds are trading like a sale has been leaked, and the only bond not above $1 is the 2026 bond which is thinly traded.
The 2009 bond is 102
The 2016 bond is 104.75
The 2026 bond is 81.
http://cxa.marketwatch.com/finra/BondCen...
Compare Chemtura's bonds to Pilgrim's bonds on 9/2/2009 before the news leaked that they were being bought.
The 2013 bond last traded at 74.25 (CHX.GO)(7/22/09). This bond is also thinly traded.
The 2015 bond last traded at 100 (CHX.GE)
The 2017 bond last traded at 91 (CHX.GF)
On 9/3/2009 the pilgrims bonds all closed above a dollar.
The 2013 bond last traded at 101.25.
The 2015 bond last traded at 106.
The 2017 bond last traded at 107.
The link is broken
ReplyDelete