Thu, Dec 25, 2014, 4:04 PM EST - U.S. Markets closed for Christmas

Recent

% | $
Quotes you view appear here for quick access.

The Coca-Cola Company Message Board

  • ejschultheis ejschultheis Aug 10, 2012 12:59 PM Flag

    EK BONDS TRADING OFF

    http://cxa.gtm.idmanagedsolutions.com/finra/bondcenter/BondDetail.aspx?ID=Mjc3NDYxQVYx&Range=3mo&GraphType=Price
    Prices are down about 5% of face from 25 to 20 this week.
    I don't know how... but the bond market always knows something prior to the stock market.

    If I were to bet , I would think the Auction is not going as well as expected early in the week. Proceeds may be north of a billion but not enough to bail out the stock holders.

    first 900mm pays off the DIP financing
    next 575mm pays off secured holders
    next 500mm other sr holders
    then 2-2.5 billion for all other creditors.

    company needs 2-300mm cash for day to day needs.

    Assets are worth something but how much?? lots of value lost in past 8 months. Bonds trading at 20 cents on the dollar suggest that they might only get 40 cents down the road. Where does that leave the stock holder?

    I would feel much better if the bonds were trading up this week.

 
KO
42.94-0.03(-0.07%)Dec 24 1:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Yahoo! Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Virgin America Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Amira Nature Foods Ltd.
NYSEWed, Dec 24, 2014 1:04 PM EST