Posts in
Archives
Senior Secured Debt Can Be Profitable For Investors Invest
[ad_1] It was 2009 and General Motors Co. (ticker: GM) had just declared bankruptcy. Financial carnage ensued. GM shares fell to zero. The people who owned it lost everything. Those who invested in regular GM bonds tried to collect something and pocketed a few cents – about 20 cents on the dollar. Even when the …
Senior secured debt can be lucrative for investors
The year was 2009 and General Motors Co. (teleprinter: GM) had just declared bankruptcy. Financial carnage ensued. GM stock fell to zero. The people who owned it lost everything. Those invested in GM common links tried to collect something and caught pennies – about 20 cents on the dollar. Even when the company revived, those …