RE:Tip - FIRE.DBWealthBuilder99 wrote: Long time Supreme holder here. Quick tip I thought I'd share: I just happened to noticed a large number of Supreme debentures for sale. These are a better buy than the common shares at current prices.
Every 1000 Fire.db convert into 3508 shares. So at $100, it is equivalent to buying shares at 28.5 cents. This is only modestly higher than the current share price but you also earn a 19% yield while you hold (8% cash interest plus 11% accretion). In adddition you also have more downside protection. Put simply; you reduce your risk and increase your upside by buying the debentures at current prices.
I am already fully loaded else I would buy them myself. Thought I'd share to help my fellow long term shareholders. Enjoy your weekends.
Cheers
I'm in the same situation. I didn't see anywhere these debentures were being offered for sale, or else I'd have looked into them.
In regards to the comment about short selling from a poster, Iheard from someone before that in order to prevent your shares from being loaned out to short sellers, put in a sell limit order at much higher prices than the market price of the stock. I have my shares for sale at $10. :D I'll have all the time I need to devise a plan for what I can do with my new money.
@Phonse47: Thank you for the explanation. I am speechless! I. Don't. Know. What. To. Say. I, uh, hmm...I don't know. I'm pretty sure if this is how you flirt with a woman, what you've received in return were more than a wink or two. :P. I love the song; hard to not love something that's both erotic and romantic.