a sad day, page-48

Hi,
TIMPB rank higher than TIM, but questionable whether any left for either if or when they fold.
If holding TIMPB, shorting TIM seems pretty risk free, and sensible.
The presence and terms of TIMPB makes a rise above 50c[or for that matter any major rise] difficult to imagine.
TIMHB[2010 bonds], quite interesting.
Depends on security pool mentioned in prospectus , superficially looks like a reasonable % of that should be real assets.
If that pays out 60 to 90c on the dollar, at last sale of $35. Not a bad bet.
Not sure going up a sign of confidence in future of TIM.
It may be the best thing for TIMHB is if they go bust now, payout sooner.
People who sold TIMHB at 23 bucks today, hadn't read the prospectus? Or perhaps know something about the security pool that isn't obvious.
Holding TIMPB or TIMHB, 2 separate issues.
Hard to see any compelling reason for holding TIM,better value in TIMPB if you really believe they'll survive.
Wont be buying any of them, in sell down mode overall.
Trying to wean myself off exciting investments.
Just hope the poor sods holding plots, don't have to suffer too much.