when is dillution going to end. this co is styrong and growing hope shorts liked their buck
TXU. Going into bankruptcy with KFN owning a large subordinated bond position that is now worthless. The increased reserve will negatively impact profit this quarter. The smart money knows this.
They have already been setting aside reserve for this and marked the bonds down, this should be more than offset from improving performance in other areas.
Blackstone reported an excellent quarter driven by gains in the stock market. I have to think KKR is in the same boat. I'm expecting an upside surprise and a rebound in the stock price.
I think there's going to be support at $10.27, which is the 200 day moving average, or $10.18, which translates to a yield of 8.25%.