I bought SUNE at $9 on October 10th as I had been watching the stock for a while thinking that it had stabilized and after hearing an analyst on CNBC. I knew better than to listen to the talking heads on CNBC but bought the stock anyway. I would like to hear that same analyst come back on CNBC and make his case now.
If the bondholders have to take a haircut, they are going to force some pain on the shareholders - probably some dilution. Just remember, the shareholders are at the bottom of the rung when it comes to preferences in debt restructuring.
I own some shares of ETE in my IRA. My distributions received from ETE will be a little over $1,000 this year. Since the distributions are mostly a return of capital, my feeling is that the distributions aren't considered taxable income and should not create a UBTI issue. Does anyone have any thoughts on this or specific knowledge about this? thanks.