Ron Bringewatt
Ron Bringewatt
along bonds bought cents cheaper company dollar exchange help inclined remaining
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.
argue bankrupt company demand difficult distressed
That makes it more difficult to argue that a bankrupt company is cheap. There is more demand for distressed than there is supply.