RE:RE:RE:RE:RE:RE:crazyStayInvested, what I am trying to say is you are right that they box it (long via convertible and short the stock) to collect interest regardless of price movement. But I take issue when you say:
"This will trade sideways for quite some time I fear. This recent increase in SP is due to the ETF inclusion as well, so its a double edged sword."
It's not true if it is the straightforward convertible hedge as they won't affect the sp. They would have already have the hedge in place when they got the amended deb last Sept.
If it is NOT the straightfoward scenario then this discussion is to be continued. As said there comes a point when they are better off converting and selling than to ride it to maturity.
If shorts are putting a lid on the sp it is not to effect a convertible hedge. It is somebody else for some other reason. That's what I am trying to say.