Convertible Securities: The Latest Instruments, Portfolio Strategies, and Valuation Analysis, Revised Edition (McGraw-Hill Library of Investment and Finance) - Hardcover

Calamos, John P.

Hardcover

ISBN 10: 1557389217 ISBN 13: 9781557389213

Publisher: McGraw Hill, 1998

Synopsis

Convertible securities, combining aspects of both stocks and bonds, truly create a "best of both worlds" investment. This instructive book uses everyday terms and illustrations to explain types of convertibles, reveal high-return investment strategies, and decode pricing, hedging, and risk/return considerations.

About this title

About the Author

John P. Calamos is the founder, president, and chief investment officer of Calamos Asset Management, Inc., an investment firm specializing in managing convertible portfolios which has over $2.2 billion in assets under management. A frequent speaker at investment seminars and conferences, Mr. Calamos has taught graduate level courses on finance and investments. He is the acclaimed author of Investing in Convertible Securities, writes a column on investment risk management in Personal Financial Planning, and has written articles for Pension World, Pensions & Investments, Journal of Financial Investing, and Financial Executive. Mr. Calamos has appeared on CNBC, and is frequently quoted as a convertible securities authority in Barron’s, Fortune, Forbes, The Wall Street Journal, Pensions & Investments, Financial World, Nation’s Business, and on Bloomberg Forum.

From the Back Cover

Strategies for earning equity-like returns--with substantially lowerrisk! Convertible securities--generally, corporate bonds which can beconverted into a fixed number of common stock shares--have been aroundfor over a century. While they have generated decent returns forsavvy, risk-averse investors, and are an ideal security in today'svolatile markets, convertibles have received remarkably littlecoverage in the popular press. Convertible Securities opens thewindow, providing in-depth research and analysis to help both new andexperienced investors benefit from the many advantages ofconvertibles. Eye-opening from front to back, it traces: the basics ofconvertible evaluation, including its investment value as a straightbond, its convertible value as a stock, and its theoretical fairvalue; proven methods for uncovering convertibles trading below fairvalue by identifying key variables such as conversion premium andyield advantage; how to use popular convertible bond indexes to trackperformance, benefiting from their advantages, while remaining awareof their shortcomings. The basic concepts of a convertible securityare fairly straightforward, yet nuances make it one of the mostinvolved and potentially profitable investments available. LetConvertible Securities act as your guidebook to this excitinginvestment class, providing you proven strategies to participate inthe capital appreciation of common stocks, while providing aconsistent buffer against risk.

Edition details

• Publisher: McGraw Hill
• Publication date: 1998
• Language: English
• ISBN 10: 1557389217
• ISBN 13: 9781557389213
• Binding: Hardcover
• Edition number: 2
• Number of pages: 417