Friday, June 14, 2013

Suntech Discussed at Corner of Berkshire & Fairfax Message Board $STP

CoB&F link:

"Suntech is completely insolvent and has $541 million in defaulted bonds that are past due.  These bonds trade at 27 cents on the dollar ($145 million market value).  60% of the bond-holders have agreed to give the company more time to work things out, but the rest are free to force the company into bankruptcy, and one sued for recovery yesterday.

The amazing this is that the company still has a market cap of $180 million dollars."

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