Best Buy High Yield Bonds Sink In Trading, CDS Widens As Shares Plunge |
| January 16, 2014 | January 2014 Bond Updates |
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Bonds backing Best Buy traded lower, credit protection costs ballooned, and the company's shares plunged after it reported a decline in holiday-period sales. Total revenue for the nine weeks ended Jan. 4, 2014 were $11.45 billion, for nearly a 3% decline from $11.75 billion in the nine weeks ended Jan. 5, 2013, according to a company statement. |
| View more at: http://www.forbes.com/sites/spleverage/2014/01/16/best-buy-high-yield-bonds-sink-in-trading-cds-widens-as-shares-plunge/ |
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