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 : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rick Mortellra who wrote (1209)4/25/1996 5:08:00 PM
From: Young D.T. Nguyen   of 58324
 
Rick, concerning the CB issue....

Thanks for bringing to our attention an excellent issue on the CB conversion.
After seeing your note, I got my calculator out and did some punching.

Bottom line is, if all CB are converted to new shares right now, net effect on
EPS will be one cent/sh or less. I feel much better now.

$46 mil. CB at approx. 19/sh = 2,422,000 new shares.
Current shares = 64,419,000
Total new shares = 66,840,000 (+3.7%)

1Q96 earnings at $10.0 mils
@ 64,419,000 shares, EPS = 0.15
@ 66,840,000 shares, EPS = 0.16

Say if 2Q96 estimate earnings is 15 mils (using a very low estimate):
@ 64,419,000 shares, EPS = 0.233
@ 66,840,000 shares, EPS = 0.224

As proof, if all the CB were converted last quarter, EPS would be 0.15 vs. 0.16.
A tad lower but still 36% higher than 0.11 estimate.

Just realize another reason to buy more. Thanks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News