If you want leverage to ERH, and dont mind the higher risk, take a look at ERHCA (the converting shares).
Their fair value is 34c less than ERH shareprice.
So if ERH goes to $1, then fair value of the convertings is 66c (or around 3 times current price of ERHCA).
The most SIGNIFICANT risk of the ERHCA for some is that the company makes a call on the convertings...if you dont have the money to pay up...then you will need to somehow offload them into a very illiquid market (ie firesale!). I have the dough available so not too stressed about that personally.
The other risk of course is that if ERH drops, then the percentage drop in ERHCA is much, much larger. ERH below 34c effectively makes the ERHCA worthless.
Personally I have a LOT more options than convertings...but i have bought quite a few ERHCAs recently.
Cdchi1
ERH Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held