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JetBlue Airways Corporation Message Board

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  • shortnlong2003 shortnlong2003 Mar 10, 2005 11:23 PM Flag

    Hey shortnlong

    Hey Frawdo,

    I didn't get it today. I did sell a load of naked march 17.50 puts this morning for 30 cents each. I think short term blue may rally from here, If it's below 17.50 next Friday I'll take the stock for a spin.

    Everything you say is true, but there are true believers like lutzy that will support the stock so I'll be fine here. The same institutions that dumped this week are lining up for the convertible, issue is being very well received.

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    • Notice I have not directed any posts to LLL of late, only to the board and you.
      You are right, I cannot convert any of my sep to roth with the income i am enjoying now, but the first year they created it , they gave a deal of spreading any conversion over five years on a tax treatment, and I arranged things, to make sure to be able to take advantage of it. Even then it was a partial conversion of the sep. My sep is still much larger than my roth.
      Re the convertible, they set the conversion price yesterday, 25 and change. Very telling. For thirty years the buyers get a cheap option that they get paid interest to hold. There are even provisions whereby they can force JBLU to pay back in full at certain interim dates if they get nervous about the way things are going. If the conversion price has been 35 or so, it would have been less diluting. But 25 and change! Quite a bit of dilution and capping of the stock price for the forseeable future. Very telling, because management essentially is paying the owners of the convertible to buy a 30 year leap call option of JBLU shares with at strike price of 25 and change. Why buy the stock?

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