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Stocks - The Best Buys 2
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03-08-2009, 12:02 PM
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pepper24
Franchise Player
Join Date: Oct 2005
Location: Calgary, AB
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Quote:
Originally Posted by
fotze
Wholly crap, I didn't realize pennwest was only $7
http://finance.yahoo.com/q/ta?t=1y&l...p=&a=&c=&s=pwe
Am I reading that right, that their market cap is only $2.94B? I must be missing something because they are a much bigger company than that.
Those are their shares on the NYSE. On the TSX they are in the $9 range. The company has huge amounts of debt and I would strongly avoid.
Another red flag is a nearly 30% distribution.
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