Myskin
Forumer stoico
purtroppo con una sola controparte i prezzi sono molto volubili, si poteva fare meglio certo comunque preso pochino semmai si entra più decisi
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
- Stato
purtroppo con una sola controparte i prezzi sono molto volubili, si poteva fare meglio certo comunque preso pochino semmai si entra più decisi
Joe Silver
Forumer storico
Catastrofe
Nuovo record negativo per General Shopping a 38
ed anche Odebrecht rompe al ribasso a 72: della prima ne ho poche ma la seconda pesa 100K 
Nuovo record negativo per General Shopping a 38
ed anche Odebrecht rompe al ribasso a 72: della prima ne ho poche ma la seconda pesa 100K fabriziof
Forumer storico
Provo a incrementare domani
Myskin
Forumer stoico
fai un fischio se trovi prezzi succosi
The Ferris wheel inside the Toys 'R' Us flagship store in New York.
Insurance companies are cutting back on their coverage of Toys “R” Us Inc. suppliers, bringing another headache to a retailer that has suffered more than two years of losses, people familiar with the matter said.
Coface SA and Euler Hermes Group, which sell credit insurance to vendors, are removing Toys “R” Us from some policies and declining to renew coverage in other cases, said the people, who asked not to be identified because the process isn’t public. The carriers may still negotiate with some vendors to keep providing some protection, one of the people said.
Losing coverage could raise concerns for toy suppliers as they weigh the risks of shipping to the retail chain, which scrapped plans for an initial public offering in 2013. Credit insurance protects suppliers in case a retailer fails to pay them for merchandise, as in the event of a bankruptcy.
Toys “R” Us also has been seeking additional restructuring advisers, who would look for ways to cut costs and explore the company’s next steps, said one of the people. The moves signal mounting troubles at the toy-store chain, which was taken private by Bain Capital Partners, KKR & Co. and Vornado Realty Trust in a $6.6 billion deal in 2005. Though it’s working on a comeback, Toys “R” Us has struggled to compete against online sellers and mass merchants like Wal-Mart Stores Inc.
In Touch
While declining to comment on specific actions, Coface spokeswoman Maria Krellenstein said the firm “maintains regular contacts with the Toys ‘R’ Us group in order to follow closely its development.” Euler said it doesn’t comment on individual policyholders or coverage. Toys “R” Us, based in Wayne, New Jersey, also declined to comment.
“Coface continues to accomplish its mission of prevention of the risk relating to each customer of the insured companies,” Krellenstein said.
David Brandon took over as the company’s chief executive officer earlier this month. The 63-year-old replaced Antonio Urcelay, who was in the job less than two years. For 11 years, Brandon ran Domino’s Pizza Inc. -- another Bain-backed company - - and oversaw its IPO. He then became athletic director at the University of Michigan in 2010.
The credit insurers are pulling back at the same time sentiment sours among investors in the retailer’s $5 billion of debt.
Default Protection
The upfront cost to protect against a default by Toys “R” Us climbed to as high as 43.5 percent today, the highest level since October and up from 30 percent at the end of June, according to credit-derivatives data provider CMA. That means it would cost investors $4.35 million initially, in addition to $500,000 annually, to protect $10 million of the retailer’s obligations from default for five years.
The company’s $450 million 10.375 percent of senior unsecured bonds maturing August 2017 fell 6.125 cents to 76.5 cents on the dollar at 12:57 p.m. in New York, according to Trace, a bond-price reporting system of the Financial Industry Regulatory Authority.
Credit insurers sometimes cancel existing policies if a company’s performance declines precipitously enough to place its ability to keep operating in doubt. That occurred in the months before bankruptcy filings at RadioShack Corp., Borders Group Inc. and Circuit City Stores Inc., one person said.
Retailers can recover from the setback, though. That was the case with J.C. Penney Co., which saw its vendor insurance restored after conditions improved. Sears Holdings Corp. suppliers also had coverage cut or reduced last year by at least three insurance firms, people familiar with the matter said at the time.
Insurance companies are cutting back on their coverage of Toys “R” Us Inc. suppliers, bringing another headache to a retailer that has suffered more than two years of losses, people familiar with the matter said.
Coface SA and Euler Hermes Group, which sell credit insurance to vendors, are removing Toys “R” Us from some policies and declining to renew coverage in other cases, said the people, who asked not to be identified because the process isn’t public. The carriers may still negotiate with some vendors to keep providing some protection, one of the people said.
Losing coverage could raise concerns for toy suppliers as they weigh the risks of shipping to the retail chain, which scrapped plans for an initial public offering in 2013. Credit insurance protects suppliers in case a retailer fails to pay them for merchandise, as in the event of a bankruptcy.
Toys “R” Us also has been seeking additional restructuring advisers, who would look for ways to cut costs and explore the company’s next steps, said one of the people. The moves signal mounting troubles at the toy-store chain, which was taken private by Bain Capital Partners, KKR & Co. and Vornado Realty Trust in a $6.6 billion deal in 2005. Though it’s working on a comeback, Toys “R” Us has struggled to compete against online sellers and mass merchants like Wal-Mart Stores Inc.
In Touch
While declining to comment on specific actions, Coface spokeswoman Maria Krellenstein said the firm “maintains regular contacts with the Toys ‘R’ Us group in order to follow closely its development.” Euler said it doesn’t comment on individual policyholders or coverage. Toys “R” Us, based in Wayne, New Jersey, also declined to comment.
“Coface continues to accomplish its mission of prevention of the risk relating to each customer of the insured companies,” Krellenstein said.
David Brandon took over as the company’s chief executive officer earlier this month. The 63-year-old replaced Antonio Urcelay, who was in the job less than two years. For 11 years, Brandon ran Domino’s Pizza Inc. -- another Bain-backed company - - and oversaw its IPO. He then became athletic director at the University of Michigan in 2010.
The credit insurers are pulling back at the same time sentiment sours among investors in the retailer’s $5 billion of debt.
Default Protection
The upfront cost to protect against a default by Toys “R” Us climbed to as high as 43.5 percent today, the highest level since October and up from 30 percent at the end of June, according to credit-derivatives data provider CMA. That means it would cost investors $4.35 million initially, in addition to $500,000 annually, to protect $10 million of the retailer’s obligations from default for five years.
The company’s $450 million 10.375 percent of senior unsecured bonds maturing August 2017 fell 6.125 cents to 76.5 cents on the dollar at 12:57 p.m. in New York, according to Trace, a bond-price reporting system of the Financial Industry Regulatory Authority.
Credit insurers sometimes cancel existing policies if a company’s performance declines precipitously enough to place its ability to keep operating in doubt. That occurred in the months before bankruptcy filings at RadioShack Corp., Borders Group Inc. and Circuit City Stores Inc., one person said.
Retailers can recover from the setback, though. That was the case with J.C. Penney Co., which saw its vendor insurance restored after conditions improved. Sears Holdings Corp. suppliers also had coverage cut or reduced last year by at least three insurance firms, people familiar with the matter said at the time.
Myskin
Forumer stoico
vedo che il matrimonio non ti ha obnubilato....ancora 
arkymede74
Forumer storico
Nuovo record negativo per General Shopping a 38
dobbiamo prepararci al peggio???
Cat XL
Shizuka Minamoto
Ci sono due bond Toys con la stessa seniority. Uno 2017 e l'altro 2018. Il primo tiene decentemente il secondo e' collassato.
arkymede74
Forumer storico
Joe Silver
Forumer storico
Peggio di così?
Comunque General Shopping ha chiuso a 46 
E' un mercato senza capo nè coda. Ogni anno in estate sempre la solita storia: sell-off degli HY e dei mercati emergenti, crollo dei prezzi e quest'anno c'è pure il rialzo dei tassi americani...addirittura di un formidabile quarto di punto
In realtà mani forti fanno calare ad arte i prezzi e poi raccolgono a prezzi di saldo.
Ricordarsi del detto 'sell in May and go away'. Personalmente quest'anno mi sono preparato per tempo, sono molto liquido e non mi muovo: non compro ed al massimo vendo quel che ha tenuto il prezzo.
- Stato
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HIGH YIELD e oltre, verso frontiere inesplorate, vol.3
