PXU paperlinx sps trust

Not a technical comparison post here, but I just saw that the...

  1. asf
    9,887 Posts.
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    12/01/12
    23:10
    Post #: 9543965
    Not a technical comparison post here, but I just saw that the GNS share price is @ 9.6c. That's pretty distressed. Amazingly, GNS is still paying distributions on GNSPA, and with a SP at around $30, GNSPA has a yield of 27.8%.

    Ok, so this is not a recommendation to buy GNSPA (I imagine they are extremely high risk, too). What is interesting, though, is that GNS looks about "priced for bankruptcy", as does PPX, but GNS is still paying the hybrid distribution!

    Thoughts?
    PXU Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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