Sankar, on October 18th, post #1048, you stated categorically, I am tempted to buy on Monday. The same day on post 1064, you pulled rank on me since you are a Professor of Finance at a very well respected university and I am only a poor farmer that drives turnip trucks for a living. You went so far to support your superior judgment to post a paper you did on these types of securities (but did not know that the norm is conversion at the price of the stock at time of issue or a premium thereof), and of course questioning my basic tenet (what does a farmer knows?) that only a company with its back to the wall will accept a floorless clause in any equivalent security. On October 19,(post 1091) you suggested that B&S best strategy would be to buy out the converts and that the price will not decline below 6 (then you pulled the normal dirty trick, if you are so sure that it will go to 3 or under why don't you short it). On October 22 (post 1264) you are still unwavering and used the term "feel good about the stock".
Sankar, you are a respected member of the SI community, we all respect the fact that you are a Professor of Finance and had a stint working at a Fed Reserve bank, so your word carry much more weight than that of a techie/farmer that dropped out of high school. It is just that this farmer does not get brow beaten by professors anymore (nor ever did), since this farmer is himself a professor, amongst few other things. Having very little faith in my own professorial forecasts, I have no reason to have more faith in other professor's forecats either.
You have stayed bullish long after I came to the thread and fought my comments bitterly and ridiculing them, thus personally persuading other on the thread to view my perspective of the coming demise as that of a lunatic, you thus do bear partial responsibility for their losses and rewriting history should be left, as I said before to winners of wars, not you and I. You should simply end this argument by saying: "sorry, I am human, I erred".
Zeev |
