Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: surelock who wrote (532)	6/27/1999 2:21:00 PM
From: Zeev Hed	of 1438

It could be under pressure for a number reasons, and it could start earlier than the 90 days, simply because hedging is riskless anywhere above $24. I really need to study this one better to see if there are some other reasons that might be holding it out. Long term it should be cooked, IMHO. Zeev

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