Why the Detroit Public School bond offering is worth a look to investors
So, investors, who's willing to bite? Who is willing to buy bonds from a troubled school district being run by an emergency manager located in a city run by an emergency manager, a city that just made history with its bankruptcy filing?
It's easy to understand why investors may run the other way from the Detroit Public Schools' bond offering.
But Josh Gonze says "not so fast!" He is a municipal bond portfolio manager who thinks the Detroit Public Schools bond offering tomorrow has something to offer an investor.
Josh Gonze is with Thornberg Investment Management based in Santa Fe, New Mexico. He joined us today.
Listen to the full interview above.