Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jan Crawley who wrote (71668)	8/3/1999 10:18:00 PM
From: Michael Young	Read Replies (1) of 164684

<< Why not, if they were short $180, that's over $80 per shares profit. Then they can afford to hold on to their bond holdings for the interest payment....short again later.>> You still don't understand. They won't go "naked." EVER!! The convertible has downside protection, the stock doesn't. They are getting paid interest on the bond, interest on the short, and they make a killing on the short if the stock eventually goes to zero. Why would any rational investor ever give up such deal? Did you ever wonder why a company like AMZN was ever able to float such huge debt at %4.75???????????????????????? They could get that rate only because the convertible terms are so sweet for the holders. MIKE

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next