the cvtbl issue ( unrated) sells at a 6% yield-- mature in 12/14. The conversion price is $7.19. I like the proposition of the 6% -- s/b little chance of default, no?
It has already doubled from where it was trading at 3 mths ago....
I was referring to Drys stk.. I know nothing of issue you are referring to!
Actually now has a conversion of 6.92. Due to ORIG distribution to shareholders. Analyst state very attractive bond..
why is it not rated? which analysts? btw just bot 40--- (always outsmart myelf lately)