SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Floorless Preferred Stock/Debenture
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Allen Furlan who wrote (1410)12/13/2002 5:57:02 PM
From: Crossy   of 1438
 
Allen,
you raised an interesting point in message 1410:

"Market will punish these bonds and preferreds because of fear. Would such investments be sound speculations during the death spiral?"

That is a terrific reasoning. And in fact, if the floorless was a preferred STOCK - and not a bond ! - then the bonds usually should have a preferred claim over the floorless holders. Of course Bankruptcy is a tricky legal field. May I ask you did you succesfully play such a situation ? I would love to collect some notes on strategies such as the one you suggested..

(I didn't even check whether AES pref c are floorless.. or whether AES got a floorless out)'

best rgrds
CROSSY
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News