Boralex connverts going southI bought into a Boralex convertible bond a few years back (2009?) that paid a generous 6.76% interest.
It seemed like a good place to park money until the economy healed from the Great Recession.
I've been collecting the interest, but I did not expect the loonie to drop so precipitously.
I've still got nearly two years left on the bond; need the loony to come back against the $.
The company seems to be doing ok,but that may not be enough to salvage this investment.
If you own the converts in Canadian dollars, you're probably wondering what I'm talking about!
Any thoughts?