Fri, Sep 19, 2014, 2:06 AM EDT - U.S. Markets open in 7 hrs 24 mins

Recent

% | $
Quotes you view appear here for quick access.

LUCENT TECH CAP TR I Message Board

  • joharo46 joharo46 Mar 12, 2013 2:43 PM Flag

    conversion info

    at what price does luthp convert; and into what shares.

    Sentiment: Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Once you read the numbers; you will know the opportunity to convert will never happen.

      At the option of the holder, each trust preferred security is convertible into Alcatel-Lucent ADSs, subject to an additional adjustment under certain circumstances. The following table summarizes the terms of this security.
      Conversion ratio 40.3306
      Conversion price U.S.$24.80
      Redemption period at Alcatel-Lucent USA Inc.’s option After March 19, 2007
      Maturity date March 15, 2017

      Fortunately I bought LUTHP at 554.59; so I am a happy holder. I just can't decide whether to run with the gain or stick while collecting for me what is a 12.9% yield (based on purchase cost), untill they redeem at 1000.

      I am watching the bonds bid/ask trends in the market. I figger if the bids start trending lower for awhile, that tells me debt holders again are getting concerned with ALUs cash flow. Then I would probably bail.
      Good luck to you!

 
LUTHP
1,000.250.00(0.00%)Jan 15 9:30 AMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Oracle Corporation
NYSEThu, Sep 18, 2014 4:04 PM EDT
Concur Technologies, Inc.
NasdaqGSThu, Sep 18, 2014 4:00 PM EDT
Rite Aid Corporation
NYSEThu, Sep 18, 2014 4:02 PM EDT