Sepracor-Looks very promising 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.

Biotech / Medical : Sepracor-Looks very promising

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rocky9 who wrote (6928)	6/3/2003 11:44:00 AM
From: Rocky9	Read Replies (1) of 10280

The prices of all three bonds are up today according to convertbond.com. The current prices are after last Friday's prices. SEPR '07 - (85.875 9.63%), now 90.481 SEPR '06 - (91.00 8.83%), now 93.578 SEPR '05 - (98.125 7.83%), now 103.25 I stand by my position on the financing by equity. If the choice is between a new convertible at 4% for $500M with a conversion price of 25 (20M shares), or issuing 25M shares at 20, I would much prefer issuing the shares. The extra 5M shares would be a small cost for the security of removing $500M of debt from the balance sheet. The convertibles issued in 02/98 were convertible at $23.625 and ended up being converted. The other three issues would have been better as equity offerings. JMO.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next