Should You Invest In: Box Inc(BOX), QuickSilver Resources Inc(KWKA) and Vale SA(VALE)
New York, NY – GDP INSIDER – 02/19/2015.
This article discusses three companies: Box Inc(NYSE:BOX), QuickSilver Resources Inc (OTCMKTS:KWKA) and Vale SA(NYSE:VALE).
Box Inc(NYSE:BOX) has had a rocky ride since it completed its IPO and was listed on the New York Stock Exchange on January 23, 2015. In the first two weeks trading, it dropped from $23.23 to $16.66 before recovering to $20.99. The stock closed yesterday down 5.51%, down $1.05 at $18.00 on low trading volume of 1.8 million shares. The content management and storage company’s stock will probably not settle down until after March 11 when it is due to announce its Q4 and full year earnings, it’s first financial report since being listed.
QuickSilver Resources Inc(OTCMKTS:KWKA) woes continued to build yesterday as it closed down 25.52% at $0.07 on higher than average volume of 6.6 million shares traded. Investors are running scared as the company is on the verge of entering chapter 11 voluntary bankruptcy protection after it announced on Tuesday that it would not make the interest payment due on its 2019 9.125% senior notes. QuickSilver Resources Inc is up to date on all its payments and not yet in default as it has 30 days to make the payment and is working on a debt restructuring plan making it a very high risk investment.
Vale SA(NYSE:VALE) producer and exporter of iron ore closed down 0.13% at $7.98. The shares have been trading lower since December when large iron ore producers started to flood the market with iron ore. The strategy is to force prices down on the raw materials required to produce steel to force higher cost producers in China to close down. This would make China’s steel producers buy raw materials from companies like Vale giving them greater market share. It is a high risk strategy but could pay off in the long term.
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