Suntech Pwr Hldgs Co Ltd Adr (NASDAQOTH:STPFQ)

CAPS Rating: 2 out of 5

A solar energy company that designs, develops, manufactures and market a variety of PV cells and modules. Also provides PV system integration services in China.


Member Avatar grundy12345 (< 20) Submitted: 10/17/2013 12:15:12 PM
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this article is from march 2013, are you trying to say it will only have impact now, 7 months later?

Member Avatar jed71 (88.57) Submitted: 10/17/2013 12:45:01 PM
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Absolutely. I highly doubt US shareholders get anything when the bankruptcy has fully played out. Too much debt to be paid first that has priority over the equity. And the takeover bids will pay pennies on the dollar of their total debt outstanding. My opinion is shareholders are out of luck.

By the way, I have no position either way and no intention of opening one.

Member Avatar jed71 (88.57) Submitted: 11/8/2013 9:47:54 AM
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This is exactly why you don't play with a bankrupt company's stock. Chances of getting burned are very, very high.

Member Avatar Kvedarna (99.54) Submitted: 11/15/2013 8:32:28 PM
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Bonds are at 15 cents on dollar

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