Globalstar Memorial Day Massacre Message Board

7/27/2000 9:20:50 PM

of 543

Tax swap idea -- switch your G* common to G* debt (tomorrow ?), wait 32 days or longer (you may want to wait long enough for the interest earned on the bonds to cover the bid / ask spread on the bonds (usually 2 full points) (on a slow day, too ...))

You may find that you get comfortable with owning the debt, and not bother switching back.

Jon.