Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

That convert they are planning, nice that they can get zero coupon convertible, but what will be the conversion price? f it is at a premium to current market, fine, but why then go and buy back the shares they are going to issue, unless they expect in the next two three years to be able to spend that $75 MM they plan to use for buybacks at prices much lower than the conversion ratio. Some light footed trading will be required in the next few months, IMTO.

My bet on CCMP was a bad one and I am going to pay a dear price for that error....