Vagrant posted an article below about a high-yield bond from DDI that offerd huge returns for its investors. I think this is an area that merits discussion. I read an article last year about a hedge fund manager who purchased lots of k-mart bond, and then took control of the company and bring it out of bankrupcy again.
I've always wondered about the lack of access to junk bonds for retail investors, maybe it's for the following reasons:
1) Lack of liquidity and trading volume. 2) Relatively big capital requirement (usually at least $50 K or $100 K for each position? )
Appreciate any insight into this topic, and how an individual investor can gain a footing in this market.
