Another limit order cleared for a discounted bond.
music selection: “You” — Candlebox
I just got from running errands and saw an email that a limit order triggered for Rent A Center (RCII) bonds. The street seems to think Rent A Center has a shaky balance sheet but I see a business with fat margins that can make interest payments. I purchased two units of the 4.750 coupon, 01MAY2021 maturity bonds for 85 cents on the dollar. I paid seven dollars in commissions and 36.68 in accrued interest. Now, I get paid to wait.
Devour your prey raptors!