That is why the convertibility, whether bonds or preferred shares, is so important. You can make you money via interest (dividend in the case of preferred shares) and catch any upside potential on...
SIRIUS XM SATELLITE RADIO FORUM
Type: Posts; User: James
That is why the convertibility, whether bonds or preferred shares, is so important. You can make you money via interest (dividend in the case of preferred shares) and catch any upside potential on...
Per the SEC
How Are Assets Divided in Bankruptcy?
Secured Creditors - often a bank, is paid first.
Unsecured Creditors - such as banks, suppliers, and bondholders, have the next claim.
...
As a current bondholder (Two 8/1/2013 @ 9.625%), I would be willing to buy additional bonds if they were actually through Sirius (or it's direct representative) to pay down existing debt. I would...