GMOTrader123

Reuters: Who's Buying Distressed Debt - And Why

Grantham is probably buying this stuff through two methods: 1) logging onto his vanguard or e-trade account and buying 1k or 2k shares of one of these distressed stocks OR 2) calling his head trader and screaming "buy" into the phone, then, poof, he's in for pennies on the dollar and guaranteed profit. by the way, jeremy has a huge head, physically, so i wouldn't bet against the brainwork behind that enormous cranium - maybe i'm just not a betting man.