Manufacturers continue to use convertibles
for their halo effect of drawing in new customers,'' Miller said.
GM didn't consider it a risk when it decided on the convertible
approach because the stock market had rebounded.
can be rather difficult for individual investors to trade profitably, since volume in the convertible
market is thin and convertibles
' value depend on complicated calculations of yield and conversion value.
You may want to consider taking advantage of convertibles
through a mutual fund or managed account of some kind.
- Introduction to Convertible
A number of high-tech and biotech companies, such as CuraGen, were rushing to the convertible
market at the time, but those who were late getting their act together missed the boat.
Despite the measure of uncertainty, convertibles
have influenced recent rating decisions by Fitch, including its recent upgrades on Providian Financial, and Rating Outlook revisions for Tribune Co.
Due in part to the high level of equity credit granted to the mandatory convertibles
by Fitch, the impact of these increases on TPG's pro-forma debt leverage is favorable.
Since their advantages already may be priced-in through lower interest rates, convertibles
may not actually represent a better investment than bonds or equities.
one of the oldest and most highly regarded convertible
bond managers, today announced the appointment of Michael Erich Revy as managing director and portfolio manager to develop and co-manage a convertible
bond arbitrage product for the firm.
Every effort has been made to accurately reflect the developments in the convertibles
market while minimizing turnover.
While many difficulties remain, we expect that the Fed's focus on preventing a recession and investors' desire for less volatility will extend the interest in convertibles
with a renewed emphasis on quality offerings.
BridgeNews today launches an important new tool for convertible
securities professionals -- the BridgeNews Convertibles
The Wasserstein convertibles
desk is currently a co-manager for the proposed $100 million convertible
note offering for Usinternetworking, Inc.
BUSINESS WIRE)--MAY 5, 1995--Jennifer Convertibles