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SUNTECH POWER HLDGS Message Board

  • toobig2failagain toobig2failagain Nov 6, 2013 2:37 PM Flag

    Let Me Get This Straight -- STP Bankrupt and Sold All Assets?

    From what I read, STP is in bankruptcy court, and the assets (all of the production assets) have been sold for around $450 million. The money is to be used to pay off creditors of long-term debt.

    Is there going to be anything left after the LT debt is paid? Are there other assets, like office chairs, pencils, pens, etc. that are worth the current market valuation of this company?

    Am I missing some hidden asset valuation such as patents, etc. that are worth today's valuation?

    Sentiment: Sell

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