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Technology Stocks : Metromedia International Group (MMG) Looking for Opinions -- Ignore unavailable to you. Want to Upgrade?


To: wally who wrote (102)2/2/1998 10:20:00 AM
From: TheSlowLane  Read Replies (1) | Respond to of 353
 
Lots of volume this morning, 1/4 mill so far. I saw big blocks, one of 25,000 and one of 12,000. Not moving the price a lot but someone(s) gobbling up lots of shares at this bargain level. I wonder if there will be some significant movement on this soon...



To: wally who wrote (102)2/12/1998 10:15:00 PM
From: mod  Read Replies (1) | Respond to of 353
 
I've been looking at MMG, and was considering buying the convertible preferred, rather than the common. With a yield of 6.9%, it offers a nice dividend and more downside protection, while sacrificing a little of the upside. Anybody have an opinion on the desirability of buying the preferred rather than the common? Thanks.

Dennis