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walongcore

walongcore
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  • Yield-starved investors are piling into frontier-market debt, allowing small countries with no capital markets track record to raise cash at rock-bottom rates. Case in point: At 5.2%, General Electric's (GE) 10-year bonds yield 58 bps more than Paraguay's, and only 142 bps less than Rwanda's. [View news story]
    Every time I have bought into the GE story the stock quickly tanked. An absolutely great company that just appears to be too big for any validation by the market. Will never invest in GE again.
    May 26, 2013. 02:55 PM | 3 Likes Like |Link to Comment
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