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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pink Minion who wrote (18621)6/24/2000 8:49:00 PM
From: umbro  Read Replies (1) of 18691
 
Herb's column had this to say about E-toys debt:

Amazon isn't the only company in Suria's sights. Overlooked in the Amazon swirl was that he also stabbed his knife into the recent convertible preferred stock deal from eToys (ETYS:Nasdaq - news), recently mentioned in this column. "We believe that the structure of the convertible preferred stock clearly indicates the desperate need for financing that the company faces and the total lack of reasonable financing alternatives," he wrote. "This type of conversion feature, occasionally called the exploding put or death spiral, is usually among the most expensive forms of financing that a company can have."

And more desperate times for Staples:

Onward: Staples (SPLS:Nasdaq - news) downgraded this ay-em by Merrill. Like that should be any surprise? With prices at its Staples.com higher than OfficeDepot.com on certain key items, why (as I pointed out earlier this week ) should any price-conscious shopper like yours truly shop there? When you have Twiddle-dee and Twiddle-dum, the difference, in the end, is the weight of my wallet ...

URL: rd.yahoo.com*http://www.thestreet.com/_yahoo/funds/herbgreenberg/975164.html
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