what I haven’t worked out is whether the shares that have been sold short will be liable for dividends along the way, or whether the 2.1 convertible price will be reduced by the amount of dividends in the interim.
overall I still can’t work out why Nhc couldn’t just get a bit of debt even if it has to come from a corporate bond rather than bug 4 bank debt.
if crn and btu can get corporate debt with their levered b/s, surely it would have been a walk in the park for nhc
NHC Price at posting:
$1.86 Sentiment: Buy Disclosure: Held
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