Storm Clouds Continue to Build Over SunEdison -- M
Post# of 22755
Posted On: 03/29/2016 10:16:34 AM
Storm Clouds Continue to Build Over SunEdison -- Market Talk
17 minutes ago - DJNF
9:58 ET - SunEdison (SUNE) breaks the buck for the first time today as investors continue to bail on a company which traded last summer above $30. There's been worries galore about SUNE's liquidity and its ability to sell renewable-development projects to subsidiaries whose cost of capital has increased. One of them, TerraForm Global (GLBL), admitted in an SEC filing this morning that "there is a substantial risk that SunEdison will soon seek bankruptcy protection." This as WSJ reported late Monday the SEC is investigating whether SUNE overstated its liquidity last year when it told investors it had more than $1B in cash. SUNE is down 40% at 76c while GLBL is off 20% at $2. Its IPO priced at $15 and the best close was the July 31 opening day's $14. (matthew.jarzemsky@wsj.com)
(END) Dow Jones Newswires
March 29, 2016 09:58 ET (13:58 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
17 minutes ago - DJNF
9:58 ET - SunEdison (SUNE) breaks the buck for the first time today as investors continue to bail on a company which traded last summer above $30. There's been worries galore about SUNE's liquidity and its ability to sell renewable-development projects to subsidiaries whose cost of capital has increased. One of them, TerraForm Global (GLBL), admitted in an SEC filing this morning that "there is a substantial risk that SunEdison will soon seek bankruptcy protection." This as WSJ reported late Monday the SEC is investigating whether SUNE overstated its liquidity last year when it told investors it had more than $1B in cash. SUNE is down 40% at 76c while GLBL is off 20% at $2. Its IPO priced at $15 and the best close was the July 31 opening day's $14. (matthew.jarzemsky@wsj.com)
(END) Dow Jones Newswires
March 29, 2016 09:58 ET (13:58 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
(0)
(0)
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
Scroll down for more posts ▼