Kramer is Wrong Most of the time.
He's just an educated TOUT.
He admits to the occasional mistake (for credibility sake) but they're just the tips of the Icebergs /MAJORITY.
You oughta screen the NYSE div rates.
alotta better credit companies and Mutiual Funds, Closed end fiunds, Junk bds that are less junky than this POS who should really be paying 3% div.
They are selling shs. They are selling Cvt pfd that pays a dividend in common shares and has a forced conversion TO common shares. This is Really SO Ponzi-esque.
Just cut the div you dishonest jerks.,
They'd have to kill the #$%$ for 5 or 6 quarters to make up for same money as Pfd issue..
9.75% AND they can convert probably around 35.
AND they'll siose app 15% in int in those 6 quarters.
Fitch/smithch, when you have to pay 9.75 on convert pfd, it's like 11%-12% on a nonconvert.
THAT is the creditworthiness.
They have 60 mil in cash, 5 Bil in debt ... and are Losing money.
Secondary looks inevitable
It was No boxes, No tape, Now, Now pick up,
Soon NO address forms, you gotta print your own.. on your paper of course
They should have cut back (even Moth-balled) in January top Protect EVERYONE
But had to protect their Fuddy-duddy jobs from the OBVIOUS.
and they are STILL saying it.
How is it they lost 45 Million DESPITE Large Hedges in Q2?
Wasn't that supposed to offset low oil/gas?
Not if you're West Texas Intermediate MORON
whats Q3 gonna look like? DISASTER cause they're stupid and playing with YOUR money.
That takes them to year end.
That's despite their Hedges!
Then it get WORSE in ;16 as hedges get less and less.
They seem totally NOT to get it.
They brag/Trumpet Increased production!
It's about Liquidity
so they're going down.
as well as double-spaced shipping notices