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Biotech / Medical : PHP Healthcare -- Ignore unavailable to you. Want to Upgrade?


To: Les White who wrote (124)11/23/1998 8:02:00 AM
From: CMon  Read Replies (1) | Respond to of 136
 
Les, Sorry to say that I disagree. In my opinion there is absolutly no value to the equity of this company. The value of any remaining assets doesn't even begin to extend through the debt. That's why the convertible bonds, fully two levels above the equity in the company's capital structure, are currently bid at 1% of face.