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!

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