Update On Discounted Bonds

A bond in Pyxus International (CUSIP: 018772AS2) was purchased 13 Nov. 2018 for 87.0000 cents on the dollar. It currently trades for 83.2400 and I am up after coupons about 83 dollars. This should return an annualized yield of 16.97% by maturity.

A final bond in the portfolio is from Avon (CUSIP: 761519BD8). This bond was purchased on 5JUL2018 for 75.5000 cents on the dollar. It currently trades for 83.5000. I am up a little over 1,100 dollars and expect to earn 20.01% on an annualized basis by maturity.

Finally, I have a good till canceled limit order open in a Chuck E. Cheese bond (CUSIP: 125137AB5) at 84.0000. Current pricing is at 85.9000, leaving me 2.26% away from a fill. If the bond were to fill today, the annualized yield to maturity would be 15.68%. I feel confident this bond is money good and the company is being unfairly punished for a decline in same store sales that is likely temporary and still leaves the chain enormously profitable.

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