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Gold/Mining/Energy : CPN: Calpine Corporation -- Ignore unavailable to you. Want to Upgrade?


To: ptanner who wrote (239)1/6/2002 12:19:28 PM
From: Howard R. Hansen  Respond to of 555
 
Thanks for the clear straight forward answer to my question.

It seems like whether one thinks the conversion premium and the interest rate is too low or just right will be strongly influenced by whether one thinks Calpine will continue to grow in the future or will stagnate and not by any absolute rules. Personally I think it is a good deal for the note holders. But time may very well prove me wrong.