Recent content by prometheus1976

an interesting exercise would be to value out the convertible debenture components synthetically..i think you would be surprised at the numbers..

"Well the yield is 2.95% which is less than the T-Bonds for that maturity by about 1%. However there is a call option thrown in for free, so that sweetens the deal " That call option ain't free...the straight bond would be about 7.75% so that's 5 % a year you are "paying" for the right to...

31.7162 per $1000, according to the prospectus..." thank you, Yep,50% conversion premium, that's way too rich for my tastes.. So. 1) interest rate too low 2)conversion premium too high 3) bond is too long 4)Management is issuing these bonds and similar ones to buyback common stock,and...

it's rich,and by a fair bit,though i didn't see the conversion amount,what was it?? If Rates move up and the market/stock price drops,i think it will take a big hit. you'll see this trade below 70 in the next 3 years,just my opinion.,and not trying to pick a fight...

And if anyone has some busted convertible ideas in the mining,energy,agriculture,or other countries...i would love to have your thoughts. regards,p1976 uh,not like the Edge Petroleum preferreds ,which i did NOT buy.

i like to buy busted convertibles in "special situation" companies... the last ones i bot(this spring) were the Nova Gold 5% due in 2015..conversion rate of 94.2418 common shares per US$1,000 principal amount of Notes, i tried to buy 100 bonds,but was only able to get 49 bonds @...