Mispriced OTC Fixed Coupon Security

Suitable only for those with small AUM

In this post, I discuss an illiquid OTC registered security which I believe is highly mispriced. I think the fair value of this security should be 40% higher than today’s price which coupled with a nearly double digit annual coupon, offers very attractive risk/reward. As this security is thinly traded, bidding remains highly competitive. As such, I am putting this writeup behind a paywall so paying subscribers have less competition should they look to buy.