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Navios Maritime Holdings Inc. Message Board

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  • wobatus wobatus Feb 19, 2009 10:39 AM Flag

    what we have here is

    Wow is that a complete misconception of what warren did. He has a perpetual 10% preferred dividend on GE. It has a convertible option at $22.50, and I imagine warren doesn't care much what the stock price does in the near term. He gets paid 10% and assuming it recovers in the future he can convert if it ever goes enough above $22.50 to entice him outta that 10% return.

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