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Non-Tech : Convertible Bonds

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To: Rocky9 who started this subject10/7/2002 10:19:49 PM
From: Rocky9  Read Replies (1) of 83
 
I bought more SFE bonds today. About 21% YTM. THe stock is still under great pressure, at about 1/sh now. I see no reason that the assets are not enough to pay off the bonds at maturity.

The SEPR bonds (the 7%s of '05) show a price of 75 on convertbond.com. That price is above the price of 71-75, where the bonds traded in early '01 when the common was at 24-27. I am glad that I bought the bonds then rather than the common. Unfortunately, I have bought the common since at prices higher than today's price of 5.
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