He should be investigated and Martha Stewart should lead the charge
MONEY COSTS MONEY
At the very least, a company's slip into junk-rated status means that the refinancing of its debt will become significantly more expensive.
"Will they have access to the high-yield market?" one banker said of the energy companies at risk. "Yes - but at a price point they may not like." From Reuters. Or is listening to them stupid also?
Why not. It could end up costing them more in debt borrowings.
This is not good.
This stock is gone. I feel sorry for anyone staying in. Actually thinking about shorting. Looks like the easiest money to be made on the planet
Sentiment: Strong Sell