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rrm_bcnu

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rrm_bcnu

Re: Double E post# 21680

Wednesday, 01/31/2007 11:52:05 AM

Wednesday, January 31, 2007 11:52:05 AM

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EE: The market price of convertible debt should never drop below its intrinsic value. The intrinsic value is the number of shares being converted at par value times the current market price. Issuing shares below par is unusual, but below par/10??? Turek is smarter than that.
rrm

► Any comment provided is my personal assessment/opinion of the indicated stock. "When the gods wish to punish you, they grant your wishes. Therefore be careful of what you wish for."

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