Merry Xmas everybody!

Think some good news to your county.

I was able to found some CLN's of US-steel from tiny sub-room (Saxess SE SOX) of Swedish Exchange.
As long as US-steal does not get belly up, will gain 6% interest and get capital back on end of 2019.
Beautiful part is that got mine on price of 55,90%, so will kind of get two capital back with price of one. Nope, do not mind at all, can bear if it happens

As thumb rule, I would say that you are betting for status quo of two company.
Company (bank) that issues paper and company that is target.

On that Wikipedia article, there is mention that lut folks lost their money since Lehman's bankruptcy. So it obviously seems to me that there was not anything wrong on target companies, but since these papierers also carry risk of issuer (the bank), low oxygen on bank will hit owner of CLN also.

And yes really, it does not require bankruptcy, official definition is reorganisation of 10M $US loan or negotiation. First one is something that happens all the time, corporation do get their debt reorganised all the time, without even being close to bankruptcy or anything.
So there is lut stuff, which I think is not so visible on Wikipedia article, really think that some gel head (local term for young and hungry broker working with comission on bank) has wrote it. It is just too smooth to be actual, sound more like sell speak to me.

Then there is also clear kill (my own term) situations.
If this US-Steel CLN that I did purchase, will go sour, I will receive some amount back through recovery process. I actually might get more that I did pay myself, it is possible that return rate is 60% and if I did pay 56%, ode de joy.
But if I do purchase CLN as part of bigger index, it will just die. Drop dead, not any recovery process, nada, zero, >null, that's it. I just lost all those index-CLN's, immediately, no question asked.

If you like sit on poker table, these are some very nice items.
Did just "lost" some money on Abengoa bankruptcy (EU High Yield Index ), but do not mind, since I did buy my index on 94 and now even after one banckrupty, same index is yielding 96. So have not lost any capital, but has gain 4,5% interest all this time. Still gain 4,43 after this one clear kill .

https://youtu.be/Jj4nJ1YEAp4

Belated Merry Christmas,

let's finish the year strong and an early Happy New Year's to everyone!

Anyone get/build a new computer for xmas? Been looking at a cheap dual xeon build.

I have been buying used servers, but they are getting a little long in tooth now. I have usually picked them up at auctions for less than $100. The servers are built to run 24/7 and so far they have. You don't even need a hard drive as I have had one running for about 8 months on just a thumb drive. Gradually over the next few months I will be looking to part with some of the present ones if I can find the right opportunity to upgrade. They are noisy though so I have them running in a shed.
Cheers