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Bankrupt Suntech (STP +16.1%) soars on a rumor Berkshire Hathaway's MidAmerican Energy division...

Bankrupt Suntech (STP +16.1%) soars on a rumor Berkshire Hathaway's MidAmerican Energy division is interested in the company. Though MidAmerican has acquired solar projects and provides installation services, buying a Chinese solar module maker would be off the beaten path.
Comments (3)
  • ChrisWebber
    , contributor
    Comments (44) | Send Message
     
    Good move by Berkshire Hathaway( if it is not only a rumor)
    8 Apr 2013, 11:25 AM Reply Like
  • Jason Johnson
    , contributor
    Comments (29) | Send Message
     
    This price jump makes no sense...China banks are taking 50% loss provisions on loans to Suntech and March 2013 bonds are trading at 26 cents on dollar. Even if BH did buy this company, why would shareholders get anything?

     

    http://bit.ly/XzqcDw
    8 Apr 2013, 01:00 PM Reply Like
  • Ed's perspective
    , contributor
    Comments (262) | Send Message
     
    This is laughable.

     

    The ONLY way BH gets into this is with some substantial guarantees from a gov't entity or a massive collateral coverage situation.

     

    I see this article, ahem ... "news", as nothing more than a planted article / effort to have some movement in the price and create a little bit of a wedge for a fast trade.

     

    Good luck if you are actually "investing" on the merits of this.
    10 Apr 2013, 08:34 AM Reply Like
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