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...
31.7162 per $1000, according to the prospectus..." thank you, Yep,50% conversion premium, that's way too rich for my tastes.. So. 1)...
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...
And if anyone has some busted convertible ideas in the mining,energy,agriculture,or other countries...i would love to have your thoughts....
i like to buy busted convertibles in "special situation" companies... the last ones i bot(this spring) were the Nova Gold 5% due in...
Separate names with a comma.