That company has $2.7 billion dollars of debt. Company stock is valued at roughly $535 million dollars and that is roughly at today's stock price of $7. Their debt is roughly 4 times stock value on market.
Originally Posted by Paul335i
I look for companies that are targets for takeovers. I made a killing on Metro PCS. I currently hold Leap Wireless (LEAP) in my portfolio. There are rumors that it may be bought out.
330 Coupe Sold