Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
Back when I was a trustee there were a number of issues that would sell the assets that backed up a bond, buy zero treasuries and escrow the call... and pocket a big hunk of cash.... these were mtg securities and some still had 15 to 20 years outstanding on the bonds!!!
No, I am not surprised.... I think companies are now pushing to refi as fast as they can.... if they can...
Now that is some long term planning, Texas!
Coolius, I already got some cash from getting chicken and selling my UMH-A. Gonna skip golf tomorrow and sit in command control central and try to drum up some deep illiquids tomorrow!
I have been very lucky on calls....Havent had one yet this year, and over at SI, as you know they seem to be announcing calls every day. Being largely out of Reits helped avoid must of them though.