Srdjan Popovic

The Wisdom of Convertible Securities

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.