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Vox Rationalis » Comments » ACAS

  • My Portfolio Moves and Market Outlook  [View article]
    "# I traded out of the Chesapeake Energy common (CHK) and into the preferred D shares [CHK-PD]... You can find specific details on CHK’s various convertible securities here but these preferreds are mandatory convertible after Sep 2010 when CHK sustains a share price over $44 and are yielding over 7% currently."

    Not exactly. The company has the option to convert these to common at a conversion price of $44.15 after 9/15/10 if the common's closing price exceeds 130% of the conversion price for 20 consecutive days.

    And CHK-D now yields 10.3%, as it's down 25% since this acticle was written.
    Dec 05 11:11 am |Rating: 0 -1 |Link to Comment
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