HJ Sims

Alliance HealthCare Services - 8.00% 12/1/2016 - Call 12/2012 @ $104 Declining to Par 2014 - B3(NEG)/B-
The Traders and Analysts here at HJ Sims seek out opportunity in many areas. These Alliance HealthCare 8.00% bonds are priced at $77.25 to yield 15.125% to maturity.  Alliance is a well managed company that operates in the difficult healthcare industry. These bonds are not for everyone and are priced to reflect the risks involved. If you think these bonds may be right for you please call us for a consultation.

StoneMor Partners LP - 10.25% 12/1/2017 - Make-Whole Call until 21/2013 - Rated B3/B-
In March 2012 we created a position in StoneMor 10.25% bonds for some of our clients. The trading desk professionals here at HJ Sims follow the financial performance of bonds that our clients own. StoneMor, the nation's second largest provider of Cemetery and Funeral Home services, just published positive quarterly reports for the first quarter of 2012. We are currently offering bonds at $95.96 to yield 11.25% to maturity in 2017.

Liberty Interactive Corp. - Convertible Bonds  4.00 11/15/29 - Rated B3/BB/BB
The traders and analysts at HJ Sims look for creative ways to increase bond yield and provide the highest income with tolerable risk.  We like Liberty Interactive because of its strong management and diversified portfolio of entertainment companies.  The Company owns 100% interest in the Atlanta Braves MLB franchise and the STARZ TV channel. They also own substantial or controlling interests in The QVC Network, Barnes&Noble, Sirius XM, Macneil Lehrer Productions and others.
These convertible bonds represent value because they are "busted convertibles".  This means that they are too far away from the conversion price for the conversion option to have appreciable value at this time.  This translates as value to the investor in two ways, first the bonds yield is greater than the yield of other Liberty bonds of similar maturity and second that the conversion option is almost free of charge.  We currently offer these convertibles at a discount to yield 8.48%. (5/9/12)
For details on the particulars of this Convertible Bond please contact us today. Pricing and comparison are affected by market forces and subject to change, the prices above may no longer be available.  Please contact us for today's yield.