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Technology Stocks : C-Cube
CUBE 36.82-0.5%3:59 PM EST
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To: Bireley Jeng who wrote (34606)7/22/1998 3:02:00 PM
From: Stoctrash   of 50808
 
>>They are not buying back stocks though. The price of corporate bond is different than stocks. The yield has been set when the bond was issued. On the secondary market, the price does fluctuate a bit, but not as dramatic as that of stock. I think CUBE is cutting the interest expense with cash (they have a lot), that trickles down to earning per share.>>

First of all they are CONVERTABLE bonds...so in a sense they are buying stock back. They are Killing two birds with one stone every time they purchase some bonds in the open market. Looks like they've read them Finance 101 books<GGG>....but I know for sure they didn't open them marketing or Public relations books!!
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