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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?


To: Greg h2o who wrote (31979)5/16/2001 9:40:46 AM
From: rascalbythesea  Read Replies (3) | Respond to of 42804
 
<but if they are called, which would you have rather owned....? the stock, which would have had to moved up about 6 points from here or the 2 point move in the converts?>

Actually it would be a 20 point increase in the bond or 25%.
Remember, I don't expect the bonds to be called. They floated the issue because they needed the money at the time and I believe they need the cash even more now. Noam does not have access to more cash when he needs it and believe me, he needs it now.

As a substantial owner of MRVC stock, I for one am hoping for substantial success in my investment. However, a more conservative play IMO would be the converts for those looking for a good rate of return while waiting for the pot of gold at the end of the rainbow.

RASCAL