Molycorp and Walter #timestamp $MCP $WLT

The Walter Energy 8.5% due April 2021 is trading in the high 20s to yield over 40% to maturity.
The Molycorp 6% due April 2017 is trading in the mid 30s to yield over 50% to maturity.

Prediction: neither of these companies will be good buy-and-hold propositions for equity investors.