These bonds were trading below par since they were issued, for well over a year. They briefly popped over par after the S-1 was filed. That is to say, the smart money has had these valued fairly for a while, and some fake smart chumps got in late.
Is WeWork a dumpster fire? Probably, but this headline makes it sound like the status quo ante is the end of the world.
These bonds were trading below par since they were issued, for well over a year. They briefly popped over par after the S-1 was filed. That is to say, the smart money has had these valued fairly for a while, and some fake smart chumps got in late.
Is WeWork a dumpster fire? Probably, but this headline makes it sound like the status quo ante is the end of the world.