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To: Bernard Levy who wrote (503)3/24/1999 9:04:00 AM
From: SteveG  Respond to of 1176
 
true except that a floorless could also be convertible debt.

(If Dr Hed starts posting here, we may want to sell)



To: Bernard Levy who wrote (503)3/24/1999 10:41:00 AM
From: silicon warrior  Respond to of 1176
 
Bernard:
I agree re floorless convertible. It's a very poor move these days, no matter what you think of your prospects. The buyers just short the *H* out of the stock, take huge profit in addition to the coupon.