Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Bill Wexler who wrote (8561)	12/17/1997 11:56:00 PM
From: Don Kelly	Read Replies (2) of 9285

RE: FINE Wasn't this a red flag? FINE closed at 36 that day, dropped 1 1/2 the day after the announcement (they also announced earnings on 10/22). I know the conversion price was fixed, but dilution is dilution. Or am I missing something? GREENWICH, Conn.--(BUSINESS WIRE)--October 22, 1997--Fine Host Corporation (NASDAQ:FINE) today announced that it has agreed to issue, through a private placement pursuant to Rule 144A, $175 million in 5.0% Convertible Subordinated Notes due 2004. The Notes will be unsecured obligations of Fine Host, subordinated to all present and future senior indebtedness of Fine Host and are convertible into common stock of the Company at a conversion price of $44.50 per share.

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