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Technology Stocks : Source Media SRCM
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To: MW who wrote (1517)11/9/1998 10:12:00 AM
From: CMon  Read Replies (4) of 3015
 
Just curious MW, with the senior debt of SRCM quoted around 50 cents on the dollar, why would you not sell the stock and buy the bond. If you believe in the stock, you must certainly believe that the co. can pay the debt at maturity. At 50, you'd receive a handsome 30%ytm. By the way, the bonds haven't budged during this little run in the stock.

And, since I've started a post, I'll ask: would you suggest that SRCM now has a valid suit vs. BRCM?
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