Price communications corporation liquidating trust
19-Dec-2017 01:04
( Even aside from earnings announcements, Friedman has made use of other ongoing announcements to propel the share price higher over the past 5 months.There was the announcement of the share repurchase, the announcement of Friedman’s own open market purchases of million in RH stock in the s and then the announcement of the early repayment of RH’s second lien notes in October.Throughout this article, please understand that the described reductions in share count have nothing to do with any type of meaningless “reverse split”.Instead, with RH these are actual and permanent reductions in share count which are having a very predictable effect on the price of each remaining individual share.
But…you also know that in 20, RH had already purchased complete “bond hedges” from underwriter Bof A-ML to fully once those convertibles convert at prices over 6 and 8.Each time, these separate announcements have driven the share price sharply higher.