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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?


To: David Sirk who wrote (583)7/9/1999 12:02:00 PM
From: Timelord  Read Replies (2) | Respond to of 1438
 
David - In the majority of these cases, you are right on the money - what does that tell you about CLVE??

Alex



To: David Sirk who wrote (583)7/9/1999 12:05:00 PM
From: Mama Bear  Respond to of 1438
 
David, that is what floorless financing tells you is happening. It is the corporate equivalent of borrowing from a loan shark. If you are long a stock that has done junk equity financing, you would be well served to consider getting out. There are too many companies that do not need to resort to this type of financing to take the risk, IMO.

Barb