Hi Watford - Yes it makes sense to buy TIMPB over TIM -- if you intend to hold until conversion. TIM, on the other hand, makes more sense from a trading perpective. Much better depth and volume to allow you to get in and out when you want. Could have made a nice tidy profit if you had bought TIM back in early December at 9 cents.
I'm holding both right now but had intended to offload my TIM when I bought TIMPB but asked a little bit too much. After the bottom fell out, I decided to hold them both. Feeling a little better about it than before Christmas, but not as good as I hope to be feeling after the March distribution and hopefully an announcement on the sale of assets.
TIM Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held