Standard Pacific Sinking in Debt

Standard Pacific(SPF Quote) might be worth more dead than alive.

That's why some are predicting the homebuilder's lenders will eventually force the company to file for bankruptcy to restructure its hefty debt load.

The stock, one of the most heavily shorted of the homebuilders, has seen wild gyrations lately. It has jumped about 15% in the past five days, but it's still down about 80% for the year to around $5 -- giving it the dubious distinction of being one of the worst performers in a heavily battered sector. ...