Thursday, January 31, 2013

Suntech Bond YTM Over 900% ($STP)

Most recent trade at YTM of 920%!

They put out a pathetic press release this morning about a 3.5 MW system installed in Saudi Arabia. That might be about $3 million in revenue?

Where's the press release about the bond maturity in 42 days?
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10 comments:

  1. C.R.L.January 31, 2013 at 10:18 AM

    You can find the press release in the June options chain! :)

    ReplyDelete
  2. CPJanuary 31, 2013 at 10:42 AM

    LOL - or March!

    ReplyDelete
  3. C.R.L.January 31, 2013 at 1:51 PM

    Look at the stock ripping higher today.....do these people understand what a capital structure is? Rhetorical question

    ReplyDelete
  4. CPJanuary 31, 2013 at 7:11 PM

    Both STP and CEDC, even though the bonds are trading lower (now yielding almost 1000%).

    I'm thinking end of month easy to push up?

    ReplyDelete
  5. C.R.L.January 31, 2013 at 9:15 PM

    Yeah, no other real news besides that B.S. Saudi Arabia story you already touched on. Odds of debt for equity swap or full on Chapter 11?

    ReplyDelete
  6. CPFebruary 1, 2013 at 1:14 PM

    I don't see any other alternatives. I also think that it's about too late for anything but ch 11.

    ReplyDelete
  7. effmannyFebruary 1, 2013 at 2:39 PM

    Why no CEDC post?

    ReplyDelete
  8. investorFebruary 1, 2013 at 8:28 PM

    http://www.chinascopefinancial.com/news/post/22550.html

    reason for latest rip in china solar stocks

    ReplyDelete
  9. CPFebruary 3, 2013 at 7:33 PM

    You get what you pay for!

    ReplyDelete
  10. CPFebruary 3, 2013 at 7:34 PM

    I don't think that China tariff has any impact whatsoever.

    The proof is in the bond yields.

    P.S. China is not short of PV capacity, let alone insolvent holding companies.

    ReplyDelete