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Unisys Corporation Message Board

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  • steppppo1 steppppo1 Feb 4, 2012 2:24 PM Flag

    FACT: UNISYS BEAT EARNINGS ESTIMATE!

    I think the 2014 Unisys preferred convertible (currently yielding about 10 percent) is one of the greatest deals on Wall Street right now. Bought it on the dip last week. Should be a fun one to watch.

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    • Re: PF. I'm a holder too, fortunately not at the $100 issue price, but I'm still underwater. I figure IF the company does well (NOT at all a given), the PF will appreciate and I'm paid while I wait.

      On the other hand, the 'mandatory' conversion provision makes me nervous, since the company WILL convert it to common in March 2014 - but at today's PF price of 62, the stock only needs to get to around $25 for that to break even.

      Another snag is that the dividend is (apparently) reported as INTEREST, thus fully taxable.

 
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