![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhf4-LvcwXYXchbKgqRUGnP8avauml3ak1W1AGb3LxvSL01wpRFRNh2nOLS_R9mZjxtUo8h9nIXpNa5CtvCd3LI-GCjde0iiSLMAAJKoHa87iBDBODuMjTKzOAtdy-iGNb2cltQ3LAxmws/s400/Edscha.jpg)
Thursday, May 28, 2009
Edscha LCDS Secured Auction Final Price.... 3.75 Cents On Dollar
Posted by
Tyler Durden
at
12:44 PM
Never heard of the company, but any time you have a LCDS auction clearing 3.75 @#&$hairs away from zilch, it can't be good, even more so when you end up with zero net open interest. Yes... you read that right... SECURED recovery of 3.75 for a European auto supplier... Bring on the auto green shoots stat.
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