Question does PB own covertiable notes answer how would he have paid for the notes on his salary.? His only other income had been by way of divided which was $20 million 10 cents per share x 200 million shares.
you may suggest he borrowed to buy ? Why would anyone lend him the money at less than 7% when they could buy the bonds themselves.?
LNC Price at posting:
99.5¢ Sentiment: Buy Disclosure: Held