To: Rational who wrote (1821 ) 12/14/1997 6:42:00 PM From: Zeev Hed Read Replies (2) | Respond to
Sankar, on October 18th, post #1048, you stated categorically, I am tempted to buy on Monday. The same day on post 1064, you pulled rank on me since you are a Professor of Finance at a very well respected university and I am only a poor farmer that drives turnip trucks for a living. You went so far to support your superior judgment to post a paper you did on these types of securities (but did not know that the norm is conversion at the price of the stock at time of issue or a premium thereof), and of course questioning my basic tenet (what does a farmer knows?) that only a company with its back to the wall will accept a floorless clause in any equivalent security. On October 19,(post 1091) you suggested that B&S best strategy would be to buy out the converts and that the price will not decline below 6 (then you pulled the normal dirty trick, if you are so sure that it will go to 3 or under why don't you short it). On October 22 (post 1264) you are still unwavering and used the term "feel good about the stock".
