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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Ben Suntag who wrote (235)1/20/1999 3:59:00 AM
From: David C. Burns  Read Replies (2) of 1438
 
Ben,

Most of the followers of this thread have focused on the hiding that the common holders take in these situations. I haven't seen any discussion about the potential risks to a preferred holder who isn't in on the scam.

Zeev, can you comment on triggering events and timing that Ben would need to be attentive to (assuming that a death spiral was initiated) as well as any other risks on the preferred side.

David
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