When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
I - Long/Short Intelsat - Capital Structure Arbitrage With Long Puts And Long Bonds
Intelsat S.A.
Lots of news hit last week causing Intelsat (I) shares to collapse another 40%. The most publicized item was the Spectrum Management and Reallocation for Taxpayers (SMART) act. It was proposed by one republican and two democrats. I caught this news as it was announced and shorted again.
If passed, the CBA would receive just a $1 billion incentive payment for clearing the C-band spectrum. For perspective, a year ago the bulls thought the CBA could sell this US asset for $50 billion+. For anyone new to the story, Intelsat’s recent