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tommiegun53

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tommiegun53

Re: None

Tuesday, 12/06/2016 12:29:38 PM

Tuesday, December 06, 2016 12:29:38 PM

Post# of 1368
PATRICK SINKS, CEO MGIC INC., SAYS $230MM CONVERTIBLE DEBT GONE UPON CONVERSION

IF PATRICK SINKS KEEP MTG $9.03 OR BETTER, CONVERTIBLE DEBT FROM 2020 BOND WILL BE FORCED CONVERSION. Then all MGIC would have to do is repurchase 30 million dilute able shares, which is already in quarterly earnings estimates. (See Crédit Suisse, DOUGLAS HARTER, ANALYST RESEARCH FOR FULL ANALYSIS)

This analysis was espoused by MGIC CEO AT GOLDMAN SACHS FINANCIAL CONFERENCE THIS MORNING. See MGIC WEBSITE FOR REPLAY.
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