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For a summary of the rankings of our entire convertible debenture coverage universe including the quantitative model prices of, and notes on each issue we follow, click on the table below to view it larger.
Important: the Peanut Power Rankings are provided as information and opinions only and are not intended to be a provision of investment advice or a recommendation of any investment action in any form. As with all information concerning investments, it is highly recommended that an individual consult with a qualified investment professional before making any investment decisions.
Public Service Message: the Financial Post Convertible Debentures List
For those of you out there that are clients of a full-service brokerage firm with a research team that covers convertible debentures, you may be able to obtain a complete list if you ask your broker. Also, as we announced on December 20, thanks to one our valued readers, we were informed that the TSX publishes a basic list on its website approximately monthly. It's not the same as the old Financial Post list, but hopefully it can still be of use to some of you out there.
Drop Us a Line
Thank you for reading this blog. As always, if you have any comments or questions about convertible debentures or this blog, please leave us a comment at the bottom of the page or email us at convertibledebs@gmail.com.
In addition, for media, sponsoring and/or financial institution inquiries, please email us at convertibledebs@gmail.com. Thank you for your interest!
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Have you looked at EFR.DB and if so what are your thoughts?
ReplyDeleteWhen you look at the volatility of the warrants and the options (US under ticker UUUU) the Debentures look like a great deal, no?
8% yield trading at par and you hold in your pocket the small chance uranium prices spike and you end up with some capital appreciation as well.
Hi Debbies, I apologize, I actually missed your comment from the summer. For some reason, I wasn't getting notifications for comments awaiting moderation.
DeleteThanks for writing in. Unfortunately, ERF.DB isn't an issue I follow so can't really comment. A general comment though on issues from smaller, junior commodities producers: pay close attention to the potential credit risk. Would solvency be threatened by a prolonged decline in commodity prices? How are their cash flows?
First of all thanks for doing this. I haven't seen anything like this before (for convertible debentures) I have been stock investing for over a decade but have only recently ventured into various fixed income and fixed income like investments. My fixed income repertoire now includes convertible debentures!
ReplyDeleteI am curious about your power ranking - like Diversified Royalty has to gain an awful lot to reach a in the money conversion. Did you rank it #1 because you feel it will like get there before the conversion date?
A post on your ranking system would be really interesting.
Hi Philbert, I am sorry, I did not see your comment until now. (For some reason, I hadn't been getting notifications on comments awaiting moderation on this blog). Thanks for taking the time to write.
ReplyDeleteOn your question, the Power Rankings are a combinations of the numbers I crunch plus a subjective judgement. Hindsight being 20-20 since this June post, obviously the Diversified Royalty issue hasn't done much as the underlying shares have struggled in the face of rising rates. Distance (as it were) to conversion price is just one of the factors I consider when doing up the Power Rankings. As always, anything on this blog only reflects my judgements and opinions - and of course, I get things wrong as well. Hope this helps.