Jeremy Raper - Credit Focused Equity
The Business Brew
00:00
Tupperware's Mexican Business
The company did a tender for the bonds, not a full tender. So why are they letting somebody go out to buy a junior obligation? That was the tell. Next quarter comes out, blow out quarter, cost cuts. Bonds all of a sudden go back to 95. In the meantime, the stock went from 2 to 30,. As I said, or 4 to 30, whatever it was. Huh, I like that.
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