tag:blogger.com,1999:blog-1527840491496268397.post7513223997988088387..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Have a DonutUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1527840491496268397.post-33785813381454962192017-10-19T10:44:06.208-07:002017-10-19T10:44:06.208-07:00EGLT trading around 50 cents for YTM of close to 4...EGLT trading around 50 cents for YTM of close to 40%.<br /><br />XCO 2018 has traded recently in high 20s; YTM of >200%. The 2022 note trading close to 20 cents.<br /><br />The CIE 2019 note still under 20 cents; YTM over 100%.<br /><br />BONT note last traded 31.3 cents, a YTM of over 50%.<br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-29175483166747271112017-09-26T10:31:27.339-07:002017-09-26T10:31:27.339-07:00EGLT bond 5.5% due 2020, last traded ytm of 37%.
...EGLT bond 5.5% due 2020, last traded ytm of 37%.<br /><br />The XCO note due 2018 traded today down to 20 cents; YTM of 278%!<br /><br />The CIE 2019 note is down to 18 cents; YTM of 100%.<br /><br />BONT note traded at 34 cents; YTM up to 47%.<br /><br /><br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-19125981521958750512017-09-16T13:18:56.445-07:002017-09-16T13:18:56.445-07:00There's only $24 million of that 40% ytm note ...There's only $24 million of that 40% ytm note outstanding. Don't know why they don't do a nice debt for equity exchange?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-57170451712717521072017-09-16T10:37:12.907-07:002017-09-16T10:37:12.907-07:00On the back of my envelope, REXX at least looks ca...On the back of my envelope, REXX at least looks cash breakeven with natural gas ~10% higher than it is now, which does nothing for their debt other than make it potentially refinanceable. But they (maybe) have a runway of a few years. They are currently burning the furniture to keep warm, but any definitive zero depends at least in part on an opinion of fossil fuel prices, which is a sucker's bet. Though of course there are covenants, operational issues, stupidity...ADLhttps://www.blogger.com/profile/11578314123744054067noreply@blogger.com