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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Shane M who wrote (6442)3/25/1999 8:53:00 PM
From: jeffbas  Read Replies (1) | Respond to of 78519
 
That kind of thing happens all the time, where the initial conversion price is reset at a future date based on the price at that time.
In companies in less desperate shape there is usually a floor on the reset price. I would avoid such companies and discount any talk of a short squeeze.



To: Shane M who wrote (6442)3/30/1999 12:34:00 PM
From: Q.  Respond to of 78519
 
Shane, re. death-spiral convertibles, here is a site with educational info:

members.aol.com

Value investors might want to know about these so that they can stay away from them, when investing on the long side.

Short sellers find them interesting because the small troubled companies that sell these convertibles often see a serious stock price decline (the toxic spiral) when conversions begin.


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