Nochi Dankner's IDB conglomerate shares and bonds were cheap a month ago so I bought more. From then the group's worth has been falling and its bonds have reached absurd levels. IDB Holdings short-term Series 3 bonds now have a yield of 70.2%, junk territory.
Nochi Dankner’s companies have the cash to meet the next years payments, and the group is healthy, but investors are selling in panic. The group owns 3% of Credit Suisse - European Banks are as good as dead. I am holding out, but uncomfortable.
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