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Technology Stocks : America On-Line: will it survive ...?
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To: The Duke who wrote (5808)11/12/1997 10:03:00 AM
From: vegetarian  Read Replies (4) of 13594
 
What kind of suckers have fallen for this piece of paper?(Can I get their addresses? ;-))
4% coupon rate and conversion price of $104, very interesting.
A sucker buying this has to beleive
-AOL will be worth $104 in near future
-accept a low 4% rate (bonds have higher about 6%) for this conversion privilege
No! i don't have much sympathy for such speculators unfortunately.
Is the short covering holding it from going further down?
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