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Suntech Power Is Back… Sort Of

http://www.fool.com/investing/general/2013/09/03/suntech-power-is-back-sort-of.aspx

Travis Hoium
September 3, 2013

Suntech Power (NYSE: STP) is still alive after all. The U.S. traded stock was never really gone; it had just defaulted on loans and gone dark to investors, not updating earnings or progress in restructuring.

Late on Friday the company said it has reached an agreement with its Creditor Working Group that "contemplates a scheme of arrangements as part of a holistic restructuring." In short, no actual deal has been reached but debt holders have preliminarily agreed to exchange debt for equity in a new slimmed down Suntech. Some non-core assets may be sold in the process and the group will decide what debt level will be reasonable for operations to support.  

For stockholders, we know there's dilution coming; we just