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

Unisys Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • steppppo1 steppppo1 Feb 4, 2012 2:24 PM Flag


    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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.

9.83-0.09(-0.91%)Feb 9 4:02 PMEST