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The author makes no attempt to analyze the debt of these companies. The global banking crisis revolves around over leveraged debt being unwound. The Dolan family recently took their cable company private. This did not adversely impact the bonds of the company in any severe manner. The bonds did decline but only marginally. TWC has all kinds of high yield debt floating out there. Some include derivatives linked to Merrill Lynch like "PYI". Their bonds are declining even as the treasury bonds have rallied dramatically. How does the global banking crisis affect these cable companies?
Sep 22 08:40 am
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All Comments by Delojozafado »Wall Street Crisis and the "Cable Connection" [View article]