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Industry Discussions / Real Estate Inv. Trusts: REITs


Subject:  Wyndham convt. preferred Date:  11/30/1999  1:36 PM
Author:  MCContrary Number:  1604 of 86418

You only have to look at two things to make a decision on exercising your rights to buy the preferred.

1) Yield is 9.75%
2) conversion price is $8.59

I think there are a lot better deals in other existing preferreds out there.

My hunch is that this will trade at a discount to $100 per share very shortly after it starts trading.

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