Unisys: Computer Solutions and Services Worldwide 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 : Unisys: Computer Solutions and Services Worldwide

UIS 2.815

+2.0%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TechMkt who wrote (2542)	10/29/1999 12:02:00 AM
From: HardMoney	of 2818

I firmly believe that the extra stock available for sale because of the recent preferred conversions is the cause ,IMHO, of the recent plunge in UIS stock, it only magnifyed the drop......the preferreds were mostly owned by institutions.....they had already made tons of mony on the dividends they collected over the years......their conversion price was $29.75.......but with the accumulated dividends some of this stock, bought when the prefferred were cheap junk bonds essentially......some of the fund managers may have a very low cost basis....$0.00-$10.00 Something to think about......the don't belong to those conservative preferred guys.....they are a value and growth play now......and they're whole different set of lunatics. I'm in at 23.25....and feel very good with this LONGTERM investment.....1-2 years. Frank

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next