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Marcus Padley responds
Earlier this week Greg Hoffman wrote a post outlining why he thinks Marcus Padley is dead wrong on note issues. Marcus has kindly responded and we’ve published his comments below. ‘I think Marcus is a...
View ArticleSEEK subordinated notes – seeking clearer terminology
I’ve no doubt that SEEK’s lawyers and underwriters know this subject matter much better than I do. They’re unlikely to have made any mistakes. But for the life of me, I can’t see how SEEK is allowed to...
View ArticleIncome securities: Conservative investments or junk bonds?
As the Intelligent Investor analyst responsible for covering the current rash of income security floats, there’s something I want to get off my chest. It starts with the following, fictional member...
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