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Vertex Pharmaceuticals Incorporated Message Board

  • ghostgames ghostgames May 9, 2013 2:23 PM Flag

    Why Vertex's Debt Conversion isn't Bad for Shareholders

    http://seekingalpha.com/article/1417621-vertex-debt-conversion-is-not-bad-for-shareholders?source=yahoo

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    • The only accurate thing in this article is the part about institutions wanting to push the price down next week to minimize losses on calls. I expect it to dump next week into expiration.

      Sentiment: Strong Sell

    • IMHO the mutual funds who bought over 25 million shares of VRTX at over $80 a share after the 661/770 data was released last month, will easily buy up the 8.2 million shares of Vertex that may be sold by current bond holders after VRTX calls in the bonds and converts them into shares. The price of those shares IMO will probably be right where the shares have been trading the past week, if not higher,, and are likely to move up from the current price as the shorts, who have been betting on a further price drop, scramble to cover when that price drop fails to materialize. In the next two weeks we'll see how this works out. Intermediate, to long term investors will be glad to have bought shares at current prices.

 
VRTX
93.64Aug 26 4:00 PMEDT

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