High-Yield Industrials
Credit awards 2002
What piece of research that you have published in the past year are you most proud of?
We put out a piece in February 2001 recommending that investors sell Polestar at 70% of par; when bonds restructured in August 2001, they were trading at about 20% of par. Our piece on Vantico in November 2001 established a value of 75 when their bonds were then trading at 54; the bonds trade at about 75 currently. We also published a new transaction summary on Kloeckner Pentaplast when the bonds
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