Stock Market Thread - ALL COMBINED
- Thread starter vinnie
- Start date
:142smilie
he'll be at work soon and then we can talk shop.
either that or he'll be taking all the quiz and tests on FB. :SIB
This news should get it to drop :shrug:
Lear chooses to miss interest payment due today
Car parts supplier to miss $38 mln interest payment due today; restructuring talks under way.
General Motors Corporation, Johnson Controls Inc.
SOUTHFIELD, Mich. (AP) -- Lear Corp., which supplies auto parts to General Motors Inc., will use a 30-day grace period instead of paying about $38 million in interest due Monday, the company said.
Missing its June 1 payment does not constitute a default, said Lear, which is using the 30 days to talk with lenders about restructuring its debt.
Monday's announcement by Lear, which saw its sales plunge 44 percent in the first quarter, comes the same day that key customer GM announced its long-expected bankruptcy filing. GM's bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The once-mighty car maker said it has $172.81 billion in debt and $82.29 billion in assets.
Lear's $38 million semiannual payment would service its 8.5 percent senior notes due 2013 and its 8.75 percent senior notes due 2016.
Shares were down 5 cents, or 4 percent, at $1.19 in early morning trading. In the past 52 weeks, the stock has ranged from 27 cents to $26.32.
Lear chooses to miss interest payment due today
Car parts supplier to miss $38 mln interest payment due today; restructuring talks under way.
General Motors Corporation, Johnson Controls Inc.
SOUTHFIELD, Mich. (AP) -- Lear Corp., which supplies auto parts to General Motors Inc., will use a 30-day grace period instead of paying about $38 million in interest due Monday, the company said.
Missing its June 1 payment does not constitute a default, said Lear, which is using the 30 days to talk with lenders about restructuring its debt.
Monday's announcement by Lear, which saw its sales plunge 44 percent in the first quarter, comes the same day that key customer GM announced its long-expected bankruptcy filing. GM's bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The once-mighty car maker said it has $172.81 billion in debt and $82.29 billion in assets.
Lear's $38 million semiannual payment would service its 8.5 percent senior notes due 2013 and its 8.75 percent senior notes due 2016.
Shares were down 5 cents, or 4 percent, at $1.19 in early morning trading. In the past 52 weeks, the stock has ranged from 27 cents to $26.32.
Heres one I tried back a about four months. It acts real strange. It can go days with little or no volume. It took me 3 months to go from 11 to 15 cents. Now for some reason it active and up to 25 cents. In last year it been between 7 and 80 or close to those.
I don,t know if there some life here. But it,s still cheap enough to maybe????
Anyone with more info?
ECOS
I don,t know if there some life here. But it,s still cheap enough to maybe????
Anyone with more info?
ECOS
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You know what............there is nothing else to do on that stupid friggin site and I was bored after our team party and I get a lunch ya big friggin lug!!! As for BBC, go ahead and yuck it up can't wait till the golf outing. My hand is in way better shape and I am going to be slicing into your group every chance I get:00hour Unless of course we are grouped together at which point I will probably still hit into our own group. I am not very good but...........................Jack is a very handsome man!!!!! I am hurt now.
FDC - Didn't mean to offend. I've always thought that you are the life of the party! You are the happy sort of person who most everyone likes. You enjoy life and look to have fun in everything. You typically are attracted to Melancholies of the opposite sex.
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- Feb 12, 2000
- 10,652
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Week 6
Day 31 complete: +2.1% (8:51 am Central)
Bought 10 .QAVGG @ 2.29
Sold 10 .QAVGG @ 2.41
+120.00
-15.00 commissions
+105.00
Week 5 wrap-up: Only one trade due to being out of the office the rest of them. +1.9%
Total to date: +25.50%
CTIC trading halted. :scared
i'm thinking there is HUGE news and could go either way, when trading resumes. i am optimistic that is going to be a HUGE ride UP. PLEASE, BABY, ONE TIME!! :00hour
i'm thinking there is HUGE news and could go either way, when trading resumes. i am optimistic that is going to be a HUGE ride UP. PLEASE, BABY, ONE TIME!! :00hour
Pixantrone Significantly Increases Complete Remissions, Overall Response Rates, Frequency of Durable Remissions and Progression Free Survival in Patients with Relapsed and Refractory Aggressive Non-Hodgkin's Lymphoma
this biatch could maybe go to $15-$20 when trading resumes :00hour :00hour :00hour
:mj06: :mj06: :mj06:
