Tuesday, January 6, 2015

Cheapest "Performing" Bond? $KWK

The Quicksilver Resources 2016 note traded at 5 cents today. The current yield is now over 100%.

The $30 million market cap for the stock seems rich.


Anonymous said...

good observation. thank you.
do you propose to sell short these shares?

jHurt said...

put EXXI on your radar. Though next maturity looks like isn't for 3 years - i need to look into covenants.

Anonymous said...

KWK droped to .05 cents; it trades OTC as KWKA as of today.

CP said...