Orlando, FL -- (SBWIRE) -- 10/01/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Tenet Healthcare Corp(NYSE:THC), China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF).
Tenet Healthcare Corp(NYSE:THC) shares increased 2.13% to $41.13. The company on Sept. 13 established the pricing of the previously announced private offering of senior secured notes maturing in 2020 and senior unsecured notes maturing in 2022. A total of $1.8 billion aggregate principal amount of senior secured notes, which will bear interest at a rate of 6 percent per annum, will be issued. A total of $2.8 billion aggregate principal amount of senior unsecured notes, which will bear interest at a rate of 8 1/8 percent per annum, will be issued.
Additionally, Fitch Ratings on Sept. 9 has assigned a 'BB/RR1' rating to Tenet Healthcare Corporation's (Tenet) proposed $1.8 billion senior secured notes and a 'B-/RR5' rating to the proposed $2.8 billion senior unsecured notes. The proceeds will be used to fund Tenet's planned acquisition of Vanguard Health Systems (Vanguard). Tenet's ratings remain on Negative Watch. Fitch placed Tenet's ratings on Negative Watch in June following the company's announcement that it will acquire Vanguard.
Are investors worried about the recent updates with THC? Find out with a free trend analysis HERE
China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) shares gained 2.13% to $1.44. CNTF’s stock was downgraded by TheStreet from a “hold” rating to a “sell” rating in a research note issued on Sept. 24. China TechFaith Wireless Comm Tech (CNTF) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and poor profit margins.
Is CNTF going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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