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To: Alomex who wrote (146213)8/26/2002 6:19:12 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164685
 
"After a very good quarter, when the stock makes a two year high, they'll issue a secondary for a $1 billion dollars and retire the debt (which trades well below face value, last I checked)..."

Why would the bond holders be willing to turn in the debt for less than face value? I understand why they would trade at less than face value.