Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (3080)	2/17/1998 2:16:00 PM
From: Dale Baker	Read Replies (1) of 18691

Roger, shareholder rights plans are usually adopted to ward off a hostile takeover - or to create the impression that the company is a takeover target to jack up the share price. I haven't seen them associated with convertibles very often. Usually they involve giving a preferred stock voting right to common stock shareholders. Supposed to make it harder to buy out existing shareholders. I don't pretend to understand the financial side of it. But I don't remember ever seeing one of these companies actually face a hostile takeover, either. I'm waiting on first quarter earnings to short the semi companies. Asia should really kick them in the sensitive regions then.

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