J just21 Sep 3, 2003 #1 Is the issuance of a convertible a sign that a stock will trade sideways or lower, as the buyers of the convertible sell the stock short to hedge?
Is the issuance of a convertible a sign that a stock will trade sideways or lower, as the buyers of the convertible sell the stock short to hedge?
L lescor Sep 3, 2003 #2 They are also dilutive to earnings if converted because they increase the share base, so the stock usually sells off on announcement of a convertible deal.
They are also dilutive to earnings if converted because they increase the share base, so the stock usually sells off on announcement of a convertible deal.
