Greg’s Law & Economics Blog

Two New Articles on Seeking Alpha

June 1, 2009 · Leave a Comment

Both are basically attempts to calculate a value for GM debt.

My first article on the subject I am proud to say hit the #2 spot on the Seeking Alpha “most popular list” and stayed at various lower positions on the list for 3 days.

Trading the GM Bankruptcy

the second article is more or less a follow-up suggesting GM bonds were still undervalued, despite their gains following my first article, and offering more reasons why I thought the first bondholder offer would be sweetened, which is exactly what happened.

Good GM: The Largest IPO in U.S. History?

As the vagaries of fame would have it, I think by contrast about six people total read the second GM article, though six is a decent-sized audience for what was essentially Part II of a lawyer talking about junk bond valuation.

And yes, there will be a Part III.

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