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Non-Tech : Convertible Bonds

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To: Rocky9 who started this subject10/21/2002 10:02:02 AM
From: Rocky9   of 83
 
ANAD bought some more last quarter. The total bought was $33.3M. The gain was $13.98M. So the purchase price was 58. There are now $66.7M of the $100M original bonds. Cash and marketable securities are at $156.5M. Even though the company is losing money (quite a lot), the bonds are looking like they are better investments - especially if the company keeps buying the bonds. The bonds are still in the low 50s (according to convertbond.com).
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