Is this stock going to zero today? CPN 0.34 -0.17 -33.33% Hedgies are shaking things loose with this company right now....got rid of the CEO & CFO in the same week. Buyer of the Bonds or Stock, what say you?
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!