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Non-Tech : Any info about Iomega (IOM)?
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To: IceShark who wrote (9722)10/22/1996 7:26:00 PM
From: Michael Rick   of 58324
 
"Think of it as IO selling stock at a deep discount price of $9 to pay off this old debt. A dilution of existing shareholder interests."

Dan:

Could Iomega's buy back of ~400,000 shares at around $14 be because of the convertible bonds? Also, could you give your opinion of Iomega's current debt to equity ratio? I don't see a problem but some people on this thread think debt is evil and our blowing smoke about some looming debt crisis.

Michael Rick
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