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.
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4 comments:

  1. AnonymousJanuary 6, 2015 at 2:56 PM

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

    ReplyDelete
  2. jHurtJanuary 7, 2015 at 3:40 PM

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

    ReplyDelete
  3. AnonymousJanuary 9, 2015 at 8:25 AM

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

    ReplyDelete
  4. CPJanuary 9, 2015 at 12:30 PM

    http://www.otcmarkets.com/stock/KWKA/quote

    ReplyDelete