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Non-Tech : Convertible Bonds
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To: scaram(o)uche who wrote (36)10/30/2002 6:10:49 PM
From: Rocky9  Read Replies (1) of 83
 
Well, when a bond is yielding 38%/yr for a very short maturity, my reaction is that the market does not think that the bonds will be paid at maturity. You may very well be correct that the company is a good investment.

I am very tempted to buy some bonds (if they are available - the last time that I asked they were not). There seems to be enough cash to buy a lot of the bonds at less than half the face amount. I think that the company's survival might depend on the repurchase of the bonds. Even if the company can't pay the bonds, there is some value in the company and the bonds should be worth something.
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