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  • The Wisdom of Convertible Securities [View article]
    quantumonline.com is great for information, but getting the actual quotes is more of a trick because each site/broker seems to have their own way of inputting it. Try, for example, BAC-PL on Yahoo Finance.
    Feb 05 00:20 am |Rating: +1 0 |Link to Comment
  • The Wisdom of Convertible Securities [View article]
    Srdjan,
    This is part of a series, and in the prior part convertible arb (buy the convert, short the common) was mentioned. This was the explanation of how to value the convertible; I'll have an update posted soon looking at the trade as a whole.


    On Jan 06 05:30 PM Srdjan Popovic wrote:

    > Correct me if I am wrong, but you can hedge this position by simultaneously
    > shorting 20 common shares at $14.60 for each convertible share and
    > de facto making one time payment of $349 for continuous annual distributions
    > of $72.50.
    >
    > For a company of this stature, assuming there is no bankruptcy at
    > the horizon, in all likelihood it should be a good deal.
    Jan 17 17:37 pm |Rating: +1 0 |Link to Comment
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