Accounting Question

laperacfo · 03-19-2009, 01:20 PM

Can convertible bonds be converted to preferred stocks?

endofanera7 · 03-19-2009, 03:42 PM

no, convertible is for homos

cough*darkphantom*cough

radix · 03-19-2009, 03:47 PM

Quote:

Originally Posted by endofanera7

no, convertible is for homos

cough*darkphantom*cough

omgroflwaffle

laperacfo · 03-19-2009, 04:14 PM

MJC///M3 · 03-19-2009, 05:38 PM

they are converted into common stock at some ratio....

there is however convertible preferred stock..

JoosyJoos · 03-19-2009, 05:41 PM

Simple answer is that it depends on the bond stipulations. Technically a convertible bond can be converted into whatever asset the bond agreement says. So if someone really wanted to they could make the convertible asset something like BMW's lol.

Generally its common stock though...

ejazbmw · 03-19-2009, 06:41 PM

google is your friend use it

Kerosene Hat · 03-20-2009, 10:07 PM

Depends on the terms of the bond offer and conversion features. But, yes.

But, why? Upside (Pref'd) < Upside (Common)

03-19-2009, 01:20 PM	#1
laperacfo First Lieutenant 48 Rep 372 Posts Drives: BMW Join Date: Jun 2006 Location: NY iTrader: (0) Garage List 2012 X5 [0.00]	Accounting Question Can convertible bonds be converted to preferred stocks?
	Appreciate 0 Tweet Quote

03-19-2009, 03:42 PM	#2
endofanera7 Major General 514 Rep 5,392 Posts Drives: 08 JB E92 M3 Join Date: Sep 2008 Location: Bay Area, CA iTrader: (16) Garage List 2018 Porsche GT3 [9.50]	no, convertible is for homos coughdarkphantomcough
	Appreciate 0 Quote

03-19-2009, 04:14 PM	#4
laperacfo First Lieutenant 48 Rep 372 Posts Drives: BMW Join Date: Jun 2006 Location: NY iTrader: (0) Garage List 2012 X5 [0.00]
	Appreciate 0 Quote

03-19-2009, 05:38 PM	#5
MJC///M3 Colonel 87 Rep 2,324 Posts Drives: 09 SSII E92 M3 Join Date: Aug 2008 Location: Bronx, NYC iTrader: (0)	they are converted into common stock at some ratio.... there is however convertible preferred stock.. __________________ "You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
	Appreciate 0 Quote

03-19-2009, 05:41 PM	#6
JoosyJoos Major 113 Rep 1,347 Posts Drives: 2011 335d Join Date: Apr 2007 Location: Atlanta, GA iTrader: (1) Garage List 2008 BMW 335i [0.00]	Simple answer is that it depends on the bond stipulations. Technically a convertible bond can be converted into whatever asset the bond agreement says. So if someone really wanted to they could make the convertible asset something like BMW's lol. Generally its common stock though... __________________ 1997 M3 Coupe - BMWCCA I-Prepared #22 2006 M Roadster - 23,000 miles and slowly counting
	Appreciate 0 Quote

03-19-2009, 06:41 PM	#7
ejazbmw blahhh 302 Rep 6,355 Posts Drives: 2014 M235I Join Date: Apr 2007 Location: NJ/NY iTrader: (7)	google is your friend use it
	Appreciate 0 Quote

03-20-2009, 10:07 PM	#8
Kerosene Hat Regional Governor 24 Rep 556 Posts Drives: '10 E92 335i Join Date: Apr 2007 Location: ATL iTrader: (0)	Depends on the terms of the bond offer and conversion features. But, yes. But, why? Upside (Pref'd) < Upside (Common) __________________ 2010 E92 335i \| Alpine White \|Coral Red \| M-Sport \| Logic 7 \| My Website\| My Flickr Page
	Appreciate 0 Quote