I hate these conversion bonds. This one seems to be especially confusing. It has it all......conversions, loans, buy backs, possible acquisition, confusing hedges, dilution, etc, etc......
is it a guarantee to break 100? if the conversion is 103 and another at 133 wouldn't people move in knowing the convert holders wanna make bank off their 103 conversion? or is their still many risks involved to move it up, and maybe it goes down? IDK. I wanted to buy but now is it too late, or is it as close to a sure thing as you can get?
Hats off to you. I think you should keep swks and nxpi(P/E just 13 and markets/sales growing) a little longer, but hey, you made your numbers! Just don't come back to buy again at a higher price, like me :)
Well done!!! The only thing I would've done different is sold some covered calls and made a nice exit strategy much sweeter! Best of luck; I am thinking about selling covered calls maybe 10 contracts and profit another 2 grand. Just a thought...Peace.
Good for you if you are telling truth!! Think you might be wrong in liquidating some of these names, but again, good investing!!
Sentiment: Strong Buy