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Post# of 432663
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teecee56

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teecee56

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Friday, 01/20/2023 11:31:57 AM

Friday, January 20, 2023 11:31:57 AM

Post# of 432663
did some research....last year idc issued a new convert with a 3.5 coupon...pre-refunding the issue coming due in 2024....which has a 2.0 coupon....the bonds due in 24 have roughly 18 month to maturity...the issue is 400myn....the "positive carry" on those 400 million is at least 200 basis points[more like 250]...with t-bills above 4.5%....that alone represents 8myn+ in extra income which goes straight to the bottom line...with 29myn outstanding shares....thats almost 30 cents per share
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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