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Karen Finerman spoke on CNBC's Fast Money about Sunedison Inc (NYSE: SUNE) after it dropped 18 percent on Monday. She said that the stock is currently trading like the company is going out of business.
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She thinks that the key thing about Sunedison is its debt structure and she believes that the company has enough liquidity to get through. Finerman added that she doesn't know where the stock is going in the short term, but she thinks that the business is good and that there is no catalyst in the near term for the scenario that the market is projecting. She has a long position in the stock.
Tim Seymour had a long position in the name. He said that if Sunedison's funding dries up there are going to be a lot of issues. He agrees that there are no liquidity concerns for the company in the near term and that it has a sustainable business. Seymour added that all the growth projects for 2016 are intact.