Investment

» axolotl - He says to buy NW Airlines bonds

In response to He says to buy NW Airlines bonds posted by davey52:
TD Ameritrade must have a poor bond desk like Fidelity. They really don't seem to interested in your business. One of the Northwest issues came due in June so whenever bankruptcy ends, I assume they will issue a new note and redeem that one - the trade probably is for the difference between the current price and par - my guess is that since it is an unsecured note, there will be no accrued interest - the note holders will be screwed out of the interest. Jimmy Rogers is known for esoteric investments.

-- posted by axolotl