Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Douglas W. DeVries who wrote (7709)	11/2/1997 9:03:00 AM
From: LLCF	Read Replies (1) of 25960

<The reality is that in the long run this debt will likely never be repaid but will convert to stock. Whoever owns these debentures will also pay effectively $ 47 per share, which is far higher than the stock's current price. The longs obviously want this conversion to occur.> The longs obviosly would like to see the stock north of the conversion price (how about borth of 30?) But I hope your not suggesting these outstandibg bonds are a reason in themselves to be bullish??? No one will buy the stock just to make their options "go in the money". DAK

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