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Metaldyne Performance Group Inc. Message Board

  • sigma_x000 sigma_x000 Mar 30, 2010 2:30 PM Flag

    Just Because the Stock Went Up...

    Doesn't mean they still don't have a serious debt issue. Yeah they paid some of it down. But it's still a MASSIVE debt load for a company to carry on its books. The only reason it went up as much as it did in the 1st place, after earnings, was because it has a relatively small float and Wall St. was bored that day. So they caused a squeeze. Maybe it'll double from these levels in a year, but in the meantime, they're still on thin ice.

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