High Yield Bonds

By Anonymous Questions, November 25, 2015

I am a irregular member.
Please help me with this matter:
I kept a eye in CNX Bonds – Coupon 8,25% Maturity: 2020 The price at this moment is 84 USD. It´s seems to me like a very good deal at this price, but i´m afraid to step up because i don’t know very well how it works. What´s mean unsecured bond? I know the company – consol energy – i dont think it go busted (bankrupty) anytime soon. I feel confident when i see David Einhorn buy the stock.

What the risks here? Can they cancel the coupon?
Hope to hear from you,
Regards,

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