FastSaying
Our goal is to really push the high yield areas and save inputs on the low yield areas.
Steve Wik
Areas
Goal
High
Inputs
Low
Push
Save
Yield
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Usually the poorer yield zones are hill tops, but can be low areas that drown out. We have had times when the zones did not make any sense.
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The lowest of the low areas probably shouldn't be redeveloped.
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What they're doing is very smart. They're consolidating the high-yield bond industry at a cyclical low, when business is not so good now. Coming out of that they'll be the dominant player in the space.
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