The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Mark[ox5] who wrote (8583)	11/30/1997 5:09:00 PM
From: Dick Jaffe	Read Replies (1) of 79367

Yes, I do think the preferred is less risky than the common. Not only does it pay a dividend but by March of '99 you are guaranteed an exchange for 143.75% of common. Sounds like a built in LTCG! I have no idea why there is a substantial short interest in the preferred or why anyone would see an advantage to that strategy unless there is some hidden X factor here that none of us is aware of. This company does seem to have a weird capital structure. Maybe we should all be combing the Edgar filings for an answer. Dick

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