Convertible Bonds 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.

Non-Tech : Convertible Bonds

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

To: Rocky9 who started this subject	8/31/2002 11:28:34 AM
From: Rocky9	of 83

SFE. The one the interests me most right now is SFE (Safeguard Scientific). SFE has a 5% Bond due 06/06, trading around 60. The yield to maturity is around 20%. It rated CCC by S&P. SFE is a venture capital firm. It really flew in the bubble days - trading for as high as 99. It is now under 2. It has almost $200M of cash, slightly over $200M of marketable securities, and investments of uncertain value in privately held companies (mostly tech companies). It has been around for over 20 years. The bond seems like a great investment to be. There are enough assets around to pay-off the bonds, refinance them, or do a combination of the two.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext