Author Topic: someone is dumping current notes at -20% discount  (Read 2522 times)

Ran

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someone is dumping current notes at -20% discount
« on: June 10, 2014, 02:49:01 PM »
once a few days recently. OK, those notes have impaired history, but those impairments typically are more than a few months old and FICO looks great. I have to admit that I love those notes and I've tried to catch a few. But still.....what happened? :o

New Jersey Guy

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Re: someone is dumping current notes at -20% discount
« Reply #1 on: June 11, 2014, 10:36:55 AM »
This happens occasionally.  Sometimes it's because somebody might be trying to liquidate their account quickly.  Could be a change in strategy, and those notes don't fit.  Could be because those notes no longer fit the investors criteria.  Lot's of different reasons.

Hey, one mans garbage is another mans treasure.
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