101 days ago • Posted by Martin Boujol
Exploding stocks are great news for desperate creditors
Even if these surge in value do not make much sense, it's something that desperate companies can only dream of: a fresh cash injection, with no debt. But happier even are the creditors, who started to see their money disappear amidst a pandemic that crushed some businesses. Today, companies like AMC and American Airlines are able to rest on a fresh pile of cash and could even use the fund to start paying off some debt.