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


To: Arcane Lore who wrote (1179)6/25/2000 6:54:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 1438
 
Nice find...

Sounds familiar. Once a vulture, always a vulture.

I have followed the PILL debacle closely and have watched the nasty selling going on there (was as fast as ENML a year ago). But at least they built in a nice bottom for a soon to follow DCB as it did...

What remains is how the (maybe unhedged) AMZN convertible holders will react as the stock is now a mile under the floor price (of the 2nd deal)?