Title:

Tesoro 1Q08 Bombs: Beaten But Not Broke

Price:$150.00
Publication Date:May 07, 2008
Source:CreditSights Inc
Report Type:Article
Abstract:TSO's liquidity and asset coverage remain significantly stronger than TSO 5-yr cds trading at 345 bps and the 6.5% notes due 2017 trading at $88/89 currently imply, offering tightening potential in the coming months, in our view.
Brief Excerpt: Tesoro #Q## Bombs: Beaten But Not Broke Tesoro (TSO; Ba#/BB+) posted its second straight quarterly loss, reporting a recurring #Q## loss of $### million, or $#.##/share, coming in below the consensus loss estimate of $#.##/share and...
Word Count:2346
Report Type:Article
Topic:Earnings Reports - Energy, High Yield, Capital Structure
Format:HTML HTML
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CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.

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