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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (8319)2/27/1998 9:12:00 AM
From: yard_man  Respond to of 13594
 
Let me see if I can look that one up.



To: Skeeter Bug who wrote (8319)2/27/1998 9:44:00 AM
From: yard_man  Respond to of 13594
 
No, about 3.3% roughly according to my calculation. Strictly back of the envelope. I simply increased the cost of the debt by the conversion premium and divided by the market cap.

Of course this assumes all converted. I'll bet a good number are still waiting, but I think they are DUMB, DUMB, DUMB.



To: Skeeter Bug who wrote (8319)2/27/1998 10:24:00 AM
From: Gaffa  Respond to of 13594
 

what kind of dillution can we expect from these bond conversions? is it several percentage points?


I think that's 350mil/104 ~= 3.4 mil shares ~= 3% dilution



To: Skeeter Bug who wrote (8319)2/27/1998 12:09:00 PM
From: Pancho Villa  Respond to of 13594
 
dillution on bond conversion: This stock is moving on hype, euphoria and lot's of hope. Investors are not being rational at this point so I do not expect the market to care at all about the dillution* issue at all (at least not until some negative news come out and the stock starts to tank).

Pancho

*Dillution of what? O yes! of earnings yet to come!