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?

10 comments:

C.R.L. said...

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

CP said...

LOL - or March!

C.R.L. said...

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

CP said...

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?

C.R.L. said...

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?

CP said...

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

effmanny said...

Why no CEDC post?

investor said...

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

reason for latest rip in china solar stocks

CP said...

You get what you pay for!

CP said...

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.