Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Logain Ablar who wrote (7130)	11/3/2000 9:18:11 AM
From: Bosco	Read Replies (1) of 30051

Hi Tim - thanks. re PSIX, the debt is indeed the major concern. So I doubt I would bottom fish the common. But the prefer [not sure if it is convertible] seems to be ridiculous cheap. I mean, 48% yield? Granted that one has to assume dividend will be withheld. If the company declares ch 11, then maybe even the prefer will suffer a wipeout just the same! best, Bosco

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