Reminded me of AMZN back in early 2000, losing $ left and right. People said Bezos was a con artist and I believed them, sold my AMZN and missed a 10 bagger.![]()
I recon the convert would would go up at 4 handle coupon if it's gonna be a 5 year structure with a 120 strike (and I envy the corporate desk that will get the call spread hedge, that's gonna be juicy). In fact, I'll ask tomorrow where the syndicate is pricing it.2025 bonds are under 8.5% but these converts are going to magically yield 14%.
I recon the convert would would go up at 4 handle coupon if it's gonna be a 5 year structure with a 120 strike (and I envy the corporate desk that will get the call spread hedge, that's gonna be juicy). In fact, I'll ask tomorrow where the syndicate is pricing it.
PS. 8.5% yield? it was barely 8.25 yesterday (or when was it you signalled me) - for sure it went way tighter today given that stock is up 4%.
In general, people who sold something high (or bought something cheap) tend to be happier than the ones that did the opposite.those who shorted earlier (below 370 resistance level) should be very happy.
Tesla has so much potential in this area...