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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Bearded One who wrote (7003)11/14/1997 11:45:00 AM
From: J.S.  Respond to of 9285
 
I, personally, would take 12%. In that case I would borrow at 8%
from a broker and use half the difference in the yield to buy
puts on AOL. I could make out on both ends but I would rather
do it on the put side.

What would others accept for an AOL bond? Remember they have
assets like "deferred sub. acq. costs". Ever try to cash in
a used AOL disk? *^)

Joe


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