SHLD common

Discussion in 'Stocks' started by atticus, Jul 25, 2012.

Thread Status:
Not open for further replies.
  1. SHLD's seniors are yielding >13% and they have >$4B in junk. What's keeping the common up here? Someone tell me that there isn't a spread play against the common? Go easy as this isn't my market.
     
  2. i think stock is unborrowable.

    Also possible (my guess) that high operating leverage and common reflects high option value.
     
  3. I hear swaps are trading. The CDS is absurd and implies armageddon.
     
  4. EQ swaps, not referring to the CDS.

    Just over 11% yearly to carry the synthetic short. Aha.

    /endthread
     
Thread Status:
Not open for further replies.