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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: OldAIMGuy who wrote (7918)7/10/1999 1:01:00 PM
From: LemonHead  Read Replies (1) of 18931
 
Hi Tom, could you expand on this a bit?

After several months of AIM's insisting that I buy more NERX (tiny biotech) I finally gave in this week. However, instead of buying the common stock, I purchased the convertable preferred stock, which is currently yielding about 15%-16%.

I went to their web site and a few other places but didn't really find anything. How does the 15% yield work? Is this annually? What are the risks involved here? TIA

Keith
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