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goeasy Ltd. 5.75% convertible unsecured subordinated debentures due Jul 31 2022 (GSY.DB)
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Energy Fuels Inc. Floating Rate Conv. Unsecured Subordinated Debs due December 31 2020 (EFR.DB)
Q: Hi,
Can you offer any thoughts on how you value a convertible debenture, in particular as it approaches maturity? I am concerned in particular with the EFR debenture and am wondering if this would be a good time to sell, as I am back to even on the cost and have picked up some interest payments along the way. The underlying stock does not help ally my concerns. GSY's debenture seems more worthy of holding on, however it has touched on 143.00 this week and brings up the question of exiting while ahead, as opposed to holding on to see if it can continue higher. Any thoughts you can offer on this situation would be greatly appreciated. Thanks for all your hard work and helpful insight.
Dawn
Can you offer any thoughts on how you value a convertible debenture, in particular as it approaches maturity? I am concerned in particular with the EFR debenture and am wondering if this would be a good time to sell, as I am back to even on the cost and have picked up some interest payments along the way. The underlying stock does not help ally my concerns. GSY's debenture seems more worthy of holding on, however it has touched on 143.00 this week and brings up the question of exiting while ahead, as opposed to holding on to see if it can continue higher. Any thoughts you can offer on this situation would be greatly appreciated. Thanks for all your hard work and helpful insight.
Dawn
