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Fairfax Financial Holdings Ltd. partners with Berkshire Hathaway Inc. to invest in U.S. building products company ...Read the full article
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Vern McPherson from Canada writes:
What are their chances of collecting the 10 % return on the notes from a company that sells to the housing and const sector in this time and space ?
USG is currenty trading at 7 bucks down from it's $115 high. But the notes are convertible to common @ 11.40 135 days after acquisition or else the notes bear a 20 % return ????
Will USG be worth anything like $11.40 5 months from now ?
Building products ? Now ? Then again I guess the raiders are out in full force.- Posted 22/11/08 at 4:41 AM EST | Alert an Editor | Link to Comment
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All About The Money from Canada writes: Notice that these guys are buying debt, not equity.
- Posted 22/11/08 at 2:39 PM EST | Alert an Editor | Link to Comment
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a c from edmonton, Canada writes: I had to read the whole article to read the kicker at the end that it was debt they were buying, not shares. So are they betting it's going into bankruptcy protection so they can take control?
- Posted 22/11/08 at 10:17 PM EST | Alert an Editor | Link to Comment
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