SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Simula (SMU)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TEColeman who wrote (981)3/11/1998 10:05:00 AM
From: greentree  Read Replies (1) of 1671
 
Owners of the debentures are usually (by corporate charter) unable ot own common stock. Therefore, when they buy a convert., they will sell short against the box for the shares their debenture will convert into. This strategy allows them to "lock in" a return (usually about 20%) and stay away from owning the common. A decent guess is that 20-33% of the short interest in SMU is real.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News