The debt has the same upside. It's just not worth the risk of the CODI holding the common. I sold at 0.50 with a loss. Frankly I would sue my broker and anyone I could think of If I was assigned CODI. But it's not worth the trouble.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.