RE:RE:RE:RE:RE:RE:RE:RE:RE:Trading way too low Nice to see Fairfax convert its convertibles into equity.
They are forgoing the 7% coupon and taking stock at a conversion price of $1.56...which is below the current stock price. I see that as a vote of confidence in the deal.
Last night, SECU also reported sequential revenue growth in the security business as well as strong conversion of its legacy assets and repayment of debt.
They also continue to buyback shares...