2.4% yield, better than 10 year US treasury bonds. 25% better yield than the S&P500.
A scenario that would take until 2017 to play out at current metal prices. TC does have enough of a cash buffer to keep servicing all three bond tranches until the senior notes come due, even if they lose a bit of cash each quarter. By 2017 the 2019 notes will have gotten over 30% of their principle back at current discount prices (92% of par). Essentially you are buying the 2019 notes with a risk of 70% loss. The 2018 also about 70% risk of loss, and the senior secured are fairly safe but only pay 5% to 6% at current levels.
Yeah Vanda was dead money too and had people posting it was dead money. Stayed at $4 a share for ages, then jumped to $17
That is a good price, might get there. I have all I need right now and will sell at $60 a share.
Thanks for getting me out of that one Ultra. I took a $500 loss when it was around $2.50 a share, now it is $0.25
I bought another thousand at 5.45 today. That brings me to 5k shares...now I want $60 a share :-)
What exactly would you have them do? Reverse split?
They can do that but it is disheartening to see your 10,000 shares collapse to just 1000, even if they are worth $9 each.
It makes sense but evidently was not a very popular opinion to have on here based on the red thumbs down.
I hope TC does some high grading and fixes the debt refinance problem. It will help both the stock price and my bond values.
If TC were expected to be able to refinance at decent rates (sub 9%) in a couple of years, the 2018 and 2019 bonds would be trading significantly higher...probably 95% of par for the 2018 and slightly above par for the 2019.
If the 2019 bonds are yielding 14.5% right now, it means lenders view loaning money to TC as extremely risky.
My logic then is if the bonds are risky, the stock is even more risky. The advantage to the stock is that it is almost too low for a secondary offering. Raising even $100m would probably require a $0.50 per share offering, or doubling the number of outstanding shares.
Zacks is a joke, they don't even know which drugs Endocyte has in development. Their buy and sell ratings are only based on past stock performance.
Those who trade, I would watch out for the $0.75 area.
About $8k loss on options, around $15k loss on shares (I had a pretty good bit of shares purchased in the $2 area which I recently sold the last of for as low as $1.11).
I need around 3 years of payment on the 2019 bonds (own 50,000) to come close to break even, and that ignores opportunity cost.
He was just trolling, he has no link or really any real purpose other than being the board moron.
markweber348 • Jun 23, 2014 2:44 PM
Now we just have to figure out what we are going to do with all this $ :P
i made enough so far today to buy 39 PS4's. LOL
Sentiment: Strong Buy
tmguven • Jun 23, 2014 2:53 PM
Swan 57 :)
lightdoesnotage • Jun 23, 2014 2:51 PM Remove
Yeah, I am up a small new Hyundai without air conditioning but we are soon getting into BMW territory.
I am not selling though until Bugatti
1 Reply to lightdoesnotage
logicaldeduction • Jun 23, 2014 3:01 PM
mid size toyota here :)
1 Reply to logicaldeduction
lightdoesnotage • Jun 23, 2014 3:04 PM Remove
Oh snap, $3.09, I just upgraded to leather seats and Bose audio.
Even better example is Las Vegas Sands. Went down to a buck, and now is at $53. The part owner bought in huge and it increased his net worth by billions.
From the trials, it seems the imager is 100% safe and identifies tumor masses with some accuracy. If it could be refined, it could be a billion dollar industry by itself just as a early warning indicator of tumor growth.