Secondary volatile for firms hit by tech disruption

摘要

US investors are assessing the volatile secondary loan prices of companies that are being hit by technological disruption as textbook publishers join retailers and oil and gas companies on a growing list of sectors facing "secular" change. The secondary prices of textbook retailers, such as CENCACE LEARNING, fell to 92%-95% of par or face value in early 2017 as the sector faces increased competition from ebooks, rental and used secondary markets.