GREY:LGVWF - Post by User
Post by
pennydredfulon Feb 05, 2014 11:04am
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Post# 22174367
AAV
AAVshould have sold a convertible bond convertible into Longview shares . They would have got more cash as the conversion would have been at a 30-35% premium . With a coupon of say 6.75% they would make a nice cash flow spread off the diff. between the divy and the interest cost .