Not exact matches
Most ICOs hold pre-sales,
during which early investors can buy tokens
at a
steep discount and sell for a tidy profit when the general public starts buying the coins.
During this time we often also see informal kinds of partial debt forgiveness, for example when sovereign borrowers have repurchased their obligations in the secondary market
at steep discounts, often secretly, or exchanged their obligations for other assets
at a
discount, for example the famous debt / equity swaps in several Latin American countries in the 1980s (see footnote 3).
And
during the height of the recession in 2008 and early 2009 many brands saw an INCREASE in gross sales for a short period of time because consumers went out in droves to buy up goods
at steep discounts.
They are priced quite cheap
at just $ 120, thereby getting the
steepest Black Friday
discounts at Best Buy, priced
at just $ 69.99
during that time.
Buying high - quality, highly rated preferreds
at steep discounts to par / stated value
during times of market turmoil can provide robust total returns.