Meanwhile, back in the global economy ...

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sat Apr 3 09:52:52 PST 1999


From hliu at mindspring.com Sat Apr 3 09:37:06 1999

[ ... ]

In January she did a convertible-bond offering first pegged at

$500 million; at her behest, it ballooned to $1.25 billion

later the same day. "I was always pushing for bigger." Each

$1,000 bond pays 4.34% in annual interest and can be converted

into Amazon common stock at $156 a share; lately Amazon trades

around $130.

Why would anyone in his right mind lend money to a company that

is losing it?

... of course this went to press before this week's spectacular rise in AMZN to a closing price of 171 ... not so stupid afterall?

/jordan



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