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Biotech / Medical : Novacare (NOV) breaking out...
NOV 15.75+1.4%12:30 PM EST
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To: Jack Zahran who wrote (352)12/23/1998 3:57:00 PM
From: mortwald   of 420
 
If you're right about not going bankrupt, and in the absence of outright fraud that seems unlikely, the smart play might be in the 5.5% bond due 1/15/00. That's less than 13 months away, and with the bond about 69, you get a current yield of almost 8%, and a capital gain of about 45% in 13 months.

...........................................mort
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