I guess what latest sales figures suggest that TIM will trade profitably and will hence survive to at least Sep09. TIMPB will at that time be worth $2 in terms of redemption value. Based on this, TIMPB shows an equivalent rate of return of 63% per annum (TIMPB=$1.30) with the bulk of this return as capital gain. TIMPB ranks ahead of TIM. This all suggests to me TIMPB is a much better deal than TIM.
TIM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
