Continuing my efforts to move from stocks to bonds, today I purchased a junk bond from EnergySolutions, Inc. Here is their stock chart:
Here is the bond chart:
The bond was downgraded recently and this was reflected in the price of both the stock and the bond. This company works in the waste management field, specializing in nuclear cleanup and decommissioning nuclear power plants. The CUSIP of the bond is 292757AB7. It is also labeled as ‘ENERGYSOLUTIONS INC/ENERGYSOLU 10.75000% 08/15/2018 SR NT’ and I paid approx. 90 cents per dollar of face value (thus yielding 13.2%).
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