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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

Who’s Wants Some $JCP 2097s?

Dr. Fly Tue Mar 5, 2013 10:58am EST 9 Comments

All sellers in the bond market today. What’s particularly notable is the amount of sellers in the long dated 2097 bonds, which are already trading 25+ points under par. Apparently, some “smart money” doesn’t think JCP will make it until 2097.

Here are the order books for a variety of JCP bonds.
2097
2097
2036
2036
2018
2018
2017
2017

Any buyers out there? Anyone?

Disclosure: I am short JCP

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9 comments

  1. Yabollox
    Yabollox
    March 5, 2013 at 11:21 am

    The bondholders get paid before the stockholders…. don’t they?

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  2. Green Machine
    Green Machine
    March 5, 2013 at 11:22 am

    Monsieur LeFly,
    Excellent call on CREE you made weeks ago.

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  3. Rollo Tomasi
    Rollo Tomasi
    March 5, 2013 at 11:27 am

    I’m seeing a JCP / Radioshack / Toys R Us Superstore in the future

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  4. Sam
    Sam
    March 5, 2013 at 11:52 am

    Senor, how did you get those quotes? Is there a website us pikers can look up?

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  5. The Fly
    The Fly
    March 5, 2013 at 12:28 pm

    You can probably get corp bond quotes at your discount house software

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  6. bigpun2012
    bigpun2012
    March 5, 2013 at 2:23 pm

    these plebs no nothing My LORD FLY

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