OP
OP
FIRE'd@51
Thinks s/he gets paid by the post
- Joined
- Aug 28, 2006
- Messages
- 2,433
Nothing new here. By the time the NYT writes an article like this, the news has been known for quite a while.
A couple of things to keep an eye on if you plan to hold ISM until it matures in January:
NAVI reports Q1 after the market close today. The consensus EPS forecast is 0.42, 2.6 times the current dividend payout of 0.16. So long as the common stock is paying a dividend, there's little reason to worry about receiving interest payments.
More importantly IMO, JSM, the fixed-rate note which has the same bond rating as ISM but doesn't mature until 2043 is trading only about 5% below its par of 25. If holders of JSM aren't worried, I certainly am not worried about ISM
A couple of things to keep an eye on if you plan to hold ISM until it matures in January:
NAVI reports Q1 after the market close today. The consensus EPS forecast is 0.42, 2.6 times the current dividend payout of 0.16. So long as the common stock is paying a dividend, there's little reason to worry about receiving interest payments.
More importantly IMO, JSM, the fixed-rate note which has the same bond rating as ISM but doesn't mature until 2043 is trading only about 5% below its par of 25. If holders of JSM aren't worried, I certainly am not worried about ISM
