RE:RE:Converted Debs
excellent assessment
some Bond holders wont own stock and will unload them once received
(thats why they held the bond) not shares
it was a no brainer 1.25 a share covert while trading at 150-1.60
this was another .30 gain per dollar at par
most made their money in the last year on the par dollar
as debs were at one time available for .30-.60 cents for a dollar of loan
I bought the deb from there right up to .98
the .25 to .30 was a bonus plus accumulated interest @ 8 percent
One of the best trades I have ever done
However if you sat on your coverted 2.30 a share was even better
Q4 and year end out tomorrow I believe and it will be terrible
but putting behind one of the worst years CJ has ever seen
along with many others
better times ahead
glta