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This profile was automatically generated using 30 references found on the Internet. This information has not been verified. Learn more...
This profile was automatically generated using 30 references found on the Internet. This information has not been verified. Learn more...
View all 30 references Web References
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1. Week of June 27, 2005
www.rmahq.org/RMA/RMAUniverse/ - [Cached]Published on: 6/27/2005 Last Visited: 6/8/2006
On the other hand, despite the improvements in the convertible market, "activity is pretty tame," says Credit Suisse First Boston's Jeffrey Seidel, adding, "I'm not sure there is conviction either way." -
2. GO > Money
money2.go.com/News?newsRef=Reu - [Cached]Published on: 8/2/2001 Last Visited: 8/8/2001
Still , despite Thursday's price rise for the convertible stock , it's still an undervalued security by all counts , said Jeff Seidel , director of global convertible research at Credit Suisse First Boston. People got relatively small allocations. The follow-on demand was that people were willing to pay up for this paper because it was so cheap..
Seidel , who has covered U.S. convertibles since 1997 , said no U.S. convertible in recent memory has performed as well as Lucent's convertibles on their first day.
The convertible stock carried an 8 percent dividend , and is convertible into Lucent common shares at $7.48 , a 22 percent premium over their Wednesday closing price on the New York Stock Exchange of $6.13.
Shares of Lucent traded Thursday afternoon on the Big Board at $6.32 , up 19 cents , or 3 percent , on volume of more than 59 million shares. The shares have fallen 86 percent in the last year. Trading volume topped 148 million on Wednesday. -
3. Derivatives Strategy - September'2000: Convertibles Market 2000
www.derivativesstrategy.com/ma - [Cached]Published on: 1/1/2000 Last Visited: 12/28/2007
First, "it's simply the ongoing high level of equity volatility we have seen," explains Jeff Seidel, director of global convertible research at Credit Suisse First Boston in New York.
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"You can't place most telecom junk paper very attractively anymore, but you can still price most telecom convert paper," adds Jeff Seidel, director of convertible bond research at Credit Suisse First Boston. "Because the volatility of the equities has been so high, people really want the embedded option, and while there is attention to credit spreads, it's generally less rigorous because that option is there. If you've got a good story, and a volatile share, the convert market still offers attractive financing terms." In other words, high equity volatility and a closed junk market results in a busy convert market. Seidel expects that trend to continue, "whether individual issues trade well in-the-money where hedge funds can set up free put positions, or fall into the distressed category where high-yield investors will be searching for beaten-up credits that will survive."
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- Jeff Seidel, Credit Suisse First Boston

