Seeking Alpha

Primus Guaranty Ltd, 7.00% Senior Notes due 12/27/2036 (PRD)

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Comments on PRD

  • On Primus Credit Mitigations [View article]
    thanks. just listened to their call, Jasper said they have experimented with the idea of a collaterized CDPC entity, and had promising... More »
    Comment by Gtarras
    Aug 5 12:50 pm |
    Rating: 0 0
  • On Primus Credit Mitigations [View article]
    There's the possibility for a collateralized CDS seller, which could possibly be economic if spreads remain elevated, since it would... More »
    Comment by James Cullen
    Aug 4 15:48 pm |
    Rating: +2 0
  • On Primus Credit Mitigations [View article]
    So, what is the future for Primus? do you believe they return to writing new business/generating revenue? if they do, how profitable do... More »
    Comment by Gtarras
    Aug 3 14:30 pm |
    Rating: 0 0
  • On Primus Credit Mitigations [View article]
    Thanks, James.
    Comment by David Merkel
    Aug 3 12:27 pm |
    Rating: +1 0
  • Portfolio Reshuffle: Not All Debt Is Bad [View article]
    Allan, Have you read my in-depth comments on either of these companies, or is that just an impression? If the former, I'm curious about... More »
    Comment by James Cullen
    Apr 6 16:44 pm |
    Rating: +2 0
  • Portfolio Reshuffle: Not All Debt Is Bad [View article]
    Walking out of a casino with money in one's hand is a good thing, but does not demonstrate the wisdom of having gone there. Volatility... More »
    Comment by Allan Frain
    Apr 6 09:52 am |
    Rating: 0 0
  • Portfolio Reshuffle: Not All Debt Is Bad [View article]
    I agree that all debt is not bad; both the relationship of the maturities of assets/liabilities, as well as the amount of overall... More »
    Comment by Old Trader
    Apr 6 08:46 am |
    Rating: +1 0
  • Considering REIT Entertainment Properties' Hidden Value [View article]
    I like your stress testing approach - we'll wait for the second part to see where it leads...
    Comment by William Cowie
    Mar 9 20:06 pm |
    Rating: 0 0
  • What Value Lies in Primus Guaranty? [View article]
    Gtarras, The holdco debt is just the PRD - about $110mm par value as of quarter's end, I believe. Disclosures are limited to sector... More »
    Comment by James Cullen
    Feb 11 23:11 pm |
    Rating: +1 0
  • What Value Lies in Primus Guaranty? [View article]
    What happens to PRS if - there has been some talk of this - CDS trading moves to exchanges and result in significant margin/collateral... More »
    Comment by Srinivas Sunder
    Feb 11 13:36 pm |
    Rating: 0 0
  • What Value Lies in Primus Guaranty? [View article]
    James, can you shed some light on two "number questions": 1. What is the amount of debt at holdco level? 2. Is Primus transparent... More »
    Comment by Gtarras
    Feb 8 20:53 pm |
    Rating: 0 0
  • What Value Lies in Primus Guaranty? [View article]
    Wide Moat, They have been doing buybacks, as well as "privately negotiated transactions" - one of these led to a large block stock... More »
    Comment by James Cullen
    Feb 8 17:27 pm |
    Rating: +1 0
  • What Value Lies in Primus Guaranty? [View article]
    They've got the money to pay off the debt; why not do a tender offer? Is some of the cash locked up for other purposes?
    Comment by Wide Moat Investing
    Feb 8 15:38 pm |
    Rating: 0 0
  • Primus Guaranty and the Viability of the CDPC Model [View article]
    SWF, I'd say the model sounded like a good idea in quieter times, but now with the overall skittishness (particularly regarding posting... More »
    Comment by James Cullen
    Nov 15 23:39 pm |
    Rating: +1 0
  • Primus Guaranty and the Viability of the CDPC Model [View article]
    James - can I ask a really basic question? Why do these CPDC exist in the first place?
    Comment by Super SWF
    Nov 15 12:55 pm |
    Rating: 0 0