Calpine
- Thread starter WAWTU31
- Start date
buy stock only for a trade. sure looks like a bk coming.
Big court date back in Delware over $312 million in asset sales coming up this Thursday.
If the court negates Calpines appeal, this will really open the door for a BK and restructuring.
Buy the stock.
A declaration of a BK should pop it pretty hard for a trade, perhaps by as much as $1.00 to $1.50
Quote from Apex Capital:
Big court date back in Delware over $312 million in asset sales coming up this Thursday.
If the court negates Calpines appeal, this will really open the door for a BK and restructuring.
Buy the stock.
A declaration of a BK should pop it pretty hard for a trade, perhaps by as much as $1.00 to $1.50
Nope. Anyone with a modicum of brain power can figure out that the equity is worthless. Most of the subordinate post-2000 debt is only going to get 19% recovery on their claims, the equity isn't popping more than a few centers.
It's not about the past, only the future my friend.
By the way . . . I find it interesting that such a post on Calpine would attract your attention, especially given that you have not posted at all over the past 6 months.
Nice to see you back in time for the Holidays!