Any info about Iomega (IOM)? Message Board

STOCKTALK

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 : Any info about Iomega (IOM)?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Guy Gordon who wrote (9677)	10/22/1996 10:58:00 AM
From: Jeffery E. Forrest	of 58324

GG, yeah the whole debt scene surprises me. I didn't realize they owed so much money and alot of it SOON. I usually look for a company with low or NO debt. Frankly, I was struck by the BIG numbers. I must say though that I still haven't dug around as deep as I would like, so I'm not sounding the Alarm Bells , YET, just makes me wonder. >>>>>Also remember, that $46M in convertable bonds will never be repaid so long as the stock stays above $9.<<<<< Remember this stock was at $9 not long ago. It came real close just recently when it was at the 13-15 level. I'm not real familiar with how the convertibles are handled, but 13-15 isn't that far from $9. Bottom line for me is that when I'm searching around for candidates, I usually would shy away from a company with this much debt. I'm still looking at the "wording" very carefully as well. Word tricks? I'm not sure yet, but something doesn't "feel" right. I'm getting real close to dumping my last 1000 shares. Bird in the hand and all that good BS you know. If I'm wrong, hey I can always come play another day. How do the convertibles work anyway? I mean do they get called "immediately" at $9, or is there wiggle room. You have some don't you? Fill me in. Jeff

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next