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.
Tuesday, January 6, 2015
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4 comments:
good observation. thank you.
do you propose to sell short these shares?
put EXXI on your radar. Though next maturity looks like isn't for 3 years - i need to look into covenants.
KWK droped to .05 cents; it trades OTC as KWKA as of today.
http://www.otcmarkets.com/stock/KWKA/quote
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