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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Zeev Hed who wrote (1230)9/20/2000 11:15:01 AM
From: xcr600  Read Replies (1) of 1438
 
<<...but they can easily become a "floorless equity line of credit.">>

Zeev, can you elaborate more on this? Such as how the hedging will be laid out by BearSterns? I don't have a position, but I have some friends that are in it looking for a turn around in the co.

thanks
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