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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST

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To: Greg h2o who wrote (31948)5/15/2001 11:19:27 AM
From: James Calladine  Read Replies (1) of 42804
 
MRVC CONVERTIBLE BONDS:

It seems I am in a perpetual debate with myself about the
merits of owning MRVC converts.

The current pricing is at:

nasdaq.com

Would any of you financial types like to give your opinions
as to their merits at this point?

I see the call date is only about a month away. I presume
it is very unlikely that MRVC will exercise the call.
Would the value of the bonds appreciate more significantly after this date?

Percentage wise, the $13.52 conversion price seems pretty far away--but the last day we closed above this price was
only on Feb 26!

Are there any compelling reasons why not to own these converts, if one believes in the longer-term outlook for
MRV?

Best wishes,
Jim
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