Replies to post #3424 on CIT Group, Inc. New Common (CIT)

[eddy2]

This is true what you say. A convertable depenture offering can do that to a company when it is converted to shares. A guy should always know what he is buying when he purchases a stock in the pinkies and know what he is selling at the same time he goes and sells it and know when he is buying the shares of a company and how that depenture is going to effect those shares in the short term but not to think he has lost money cause there is a good chance those shares will be worth more much more after the convertable depentures are converted.