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The Chip Board Archive 18

Financing debt with more debt is always scary!

Harrah's is looking to do the same thing. The cooperate pyramid scheme seems to be over. Back when these were private companies before going public, they were cash cows. Now taking Harrah's back private with 24 billion in bonds was extremely overpriced. Maybe we can bail them out too. My thoughts only....

http://blogs.wsj.com/deals/2008/01/08/harrahs-loan-sale-on-ice-momentarily/

Messages In This Thread

What do you investors think of this.....
Financing debt with more debt is always scary!
17% is a nice return on your money
Re: 17% is a nice return on your money

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