The company recently missed $58.5 million in interest payments on a total of $2.1 billion in bonds. It also said there is "substantial uncertainty" over whether it will meet a $79.2 million interest payment in mid-August, along with $122.9 million outstanding principal on a tranche of bonds due around then.
The stock market is an predator / prey scenario where the Companies and their lenders are the predators and retail IS the prey. Play wisely!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.