If you buy $100 for more than $105
from a Rod Oram piece on Stuff
Quote:
But all is not lost. You can make a far better investment in Air NZ than its shares. If you were smart enough to buy its 2016 bonds when they were issued, you're enjoying a 6.90 per cent coupon. Even if you bought them this week, they still return 5 per cent and your capital is secure
Not exactly 100% true is it?
Best Wishes
Paper Tiger
Warning; Underarm bowling.
Meanwhile in the land of the underarm bowler Federal Treasurer Joe Hockey has hinted that the Aussie Taxpayer may put money into Queer and Nasty Airlines.
Maurice Williamson had better dash down the corridor to the Minister of Transports office and tell him to unplug the fax machine right now. We wouldn't want the Aussie Government to queer the pitch in favour of their nationalised national airline like last time
Boop boop de do
Marilyn