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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Allen Furlan who wrote (15107)	8/9/2002 12:55:11 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78688

Allen Furlan: three-people picks: siliconinvestor.com (Thread: let me know of any additions or corrections.)

To: Allen Furlan who wrote (15107)	8/14/2002 10:58:58 AM
From: Allen Furlan	Respond to of 78688

Open question to thread. Has anyone discovered a site that specializes/discusses convertible debt. As I previously posted I was able to buy the sgr LYONS at 500. The companies long term debt is primarily in these zero coupon bonds and there is a put attached which requires the company to redeem the bonds at 683.61 in May 2004. The redemption can be cash or stock but the stock would be priced at time of redemption. Since I like the stock these convertibles are a conservative proxy with a very reasonable yield to maturity. Merrill sent me an adobe file which lists dozens of LYONS. Most have the same attribute, ie a 2-3 year out put attached. If a company seems credit worthy some of these should be an interesting way for value investors to assess a companies finances in order to capture a very nice return. As an aside if the company did not have ability to redeem in cash then the issuance of stock would have an effect similar to a toxic convertible. Any comments appreciated.