A convertible security for which the market price of the common stock is so low that the convertible feature is nearly worthless, and the security trades almost as if it were a fixed income investment. also called fixed income equivalent.
Related information about busted convertible:
- Busted Convertible Security Definition | Investopedia
A convertible security that is trading well below its conversion value. The result is that the security is valued as regular debt because there is very little chance ...
- Busted Convertible - Financial Dictionary - The Free Dictionary
Related: Fixed income equivalent. Mainly applies to convertible securities. Convertible bond selling essentially as a straight bond. Assuming the issuer is ...
- Busted Convertible Securities financial definition of Busted ...
A convertible security in which the underlying stock is trading 50% or more below the value of the convertible option. This renders the convertible option nearly ...
- Seeking Income in Busted Convertible Bonds - Income Investing ...
Jul 12, 2012 ... As long as you're casting a wide net for income investments, you might want to consider busted convertible bonds. Converts, in brief, are hybrid ...
- What is busted convertible? definition and meaning
Definition of busted convertible: A convertible security for which the market price of the common stock is so low that the convertible feature is nearly worthless, ...
- What is a Busted Convertible?
More properly known as a fixed income equivalent, the busted convertible is a security that is now considered to possess a worthless conversion feature.
- busted convertible - Invest Definition
busted convertible definition: A convertible bond on which the stock into which the bond is convertible has fallen so far below the conversion price that the ...
- Convertible Securities - Putnam Investments
Jan 2, 2012 ... The objective of buying a busted convertible is to take advantage of an overreaction to negative fundamental developments at the company, ...