Earlier today I wrote about the billion-dollar convertible bond Herbalife (NYSE: HLF) announced this morning. This bond is the latest salvo in the fight between activist investor Bill Ackman, who thinks Herbalife is a pyramid scheme and has wagered accordingly, and the company. Herbalife is planning to use a large portion of the new read more
The battle between leading activist investor Bill Ackman and Herbalife (NYSE:HLF) was already the stuff of legend thanks to an impromptu televised insult fest between Ackman and Carl Icahn last year. In case you missed it, the two called each other names befitting third-graders in a sandbox on a major business television read more
Actually, I don’t think there is any such word as “pawnee.” There’s also no such place, except on television, where the show Parks and Recreation takes place. I’ve never been able to get into that show, although in fairness, the only sitcoms I watch are Modern Family and The Neighbors. So maybe I should have read more
As stocks stumble out of the gate in 2014, convertible bonds are holding up a lot better. Let’s keep the discussion about this powerful but frequently misunderstood investment going.
I’ve gotten some interesting responses in email and other social media to my column last week calling for Netflix (NASDAQ: NFLX) to read more
Some who read my posting Wednesday, in which I reiterated my five-year-old argument that convertibles make better long-term investments than leveraged ETF’s, asked me to illustrate how leveraged ETF’s can work against you in ways that may not be immediately obvious. With market volatility picking up—exactly the kind of environment read more
Netflix should issue a convertible bond right now.
Let’s look at the facts.
The company’s stock is soaring, screaming, flying this morning. Earnings per share came in ahead of expectations. Customer additions are strong. Guidance is good. Kevin Spacey and Robin Wright mesmerize in “House of Cards.” What’s not to read more
As President Obama took office five years ago the markets felt colder and snowier than the weather. Selling short had gone viral. If selling short wasn’t good enough, you had a new tool: the leveraged inverse exchange traded fund (ETF). It seemed like a great idea. Don’t just hedge against further losses in your portfolio. Make read more