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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: My self-service broker has in its inventory Sherritt bonds, having 7-1/2 years to maturity on 11 Oct 2025. The (annualized) yield to maturity is 9.8% .
To redeem the bonds at full value on the maturity date, Sherritt does not have to do well : it just needs to survive without defaulting on its debt.
I am fully aware that these bonds are not suitable for the safe fixed-income part of my portfolio, but rather would be lumped in with my equity investments in terms of risk.
What is your opinion as to the probability that Sherritt will, at a minimum, "at least barely survive" so that they would be able to redeem the face value of the bonds in 2025?
Thanks!
Read Answer Asked by Gregory on May 16, 2018
Q: Hello, SCR is up on very big volume. Do you have any thoughts on who is buying? In your opinion, is this mainly:
1) retail investors jumping in because of the recent court ruling on sports betting? or 2) could it be institutions buying and setting up some long term positions?

I have held for a while and doubled down on the lows...finally above water and wondering if I should sell or wait this out. I hold SCR in my "fun money" portfolio and I take a lot of risk.
Read Answer Asked by Don on May 16, 2018
Q: Hello 5i, I hold Spartan with a cost of 7.54 per share and was thinking of selling for the tax loss(maybe). What is the last day that I could sell my Spartan shares before they are converted to Vermilion shares. Also I am thinking of letting the shares convert as I like Vermilion as a company. What would be your view on this. Thanks
Read Answer Asked by Michael on May 16, 2018
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