Nova chemicals yielding 407%

Nova’s 7.4 percent notes maturing in April tumbled 8.56 cents on the dollar to 60.94 cents on the dollar, according to Trace, the bond-reporting system of the Financial Industry Regulatory Authority. The yield jumped to 407.2 percent from 277.7 percent. http://www.bloomberg.com/apps/news?pid=20601082&sid=aFA7rc1bPr6Q&refer=canada Who’s feeling lucky??

They suck. Stay away.