Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.08

-0.2%

Dec 29 3:59 PM EST

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To: SKIP PAUL who wrote (37200)	1/27/1999 3:38:00 PM
From: Yojimbo	Read Replies (1) of 164684

I don't think so. Who would buy converts of a debt strapped company that is losing money, at conversion prices above current equity levels. not i, nor probably you. but (a) one doesn't know "current equity levels" until the roadshow, (b) their debt/mkt cap ratio (which, btw, is important in cvt analyses) is a pittance and (c) there are probably a lot of debt players that would stuff this in their portfolio w/the outside chance they can tweak their otherwise miserable returns. fact is, and no getting around this, they must do something especially since bozos needs to fund money-losing acquisitions and each customer purchase! y

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