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.

4 comments:

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...

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