Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Monday’s statement from Globo (GBO) was clearly designed to put the best possible gloss on the fact that its attempt, signalled in June, to raise $180 million in the junk bond market is foundering.
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