written by reader Porter Stansberry Credit opportunities

By raypnc, November 19, 2015

2016: The Largest
LEGAL Transfer of
Wealth in U.S. History
His latest pitch for buying distressed bond debt. Is this a good idea or not?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.



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Travis Johnson, Stock Gumshoe
November 19, 2015 11:20 am

I skimmed that pitch, and he’s mostly saying that he expects a distressed debt crash and then it will be a good idea and there will be lots of opportunities. He had a similar junk bond advisory before, helmed by Mike Williams I think, that did OK with some bonds (like Rite Aid) but also, I think, had a couple bankruptcies — always important to diversify. He hasn’t pitched any specific bonds yet, though presumably their first recommendations might be in energy or materials where the huge washouts of junk bonds have hit so far if they’re waiting for a real crash that brings down stronger bonds.

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T1 Texas
November 19, 2015 4:08 pm

Stansberry’s previous distressed bond newsletter was called True Income. If you want to read the recommendations made in that previous publication, go to the main page on the Stansberry Research website and click on the link near the bottom of the page called “General Archive.” You should then be able to click on the True Income link to read all the past issues. I believe the General Archive is a collection of all the publications that are no longer being published and is open for anyone to read.

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