News & Insights2019-06-05T15:23:16+00:00

In The News

Tesla Seen Finding Ample Appetite For Its Newest Convertible Bond

Reuters
“With this new bond, you have five years until the bond is supposed to pay off. They don’t have to be successful, they don’t have to hit a home run. They just have to stay in business to refinance this in five years,” said Geoffrey Dancey, managing partner and portfolio manager at Cutler Capital Management. Read More

Tesla Says May Seek New Funding; Shares Up After SEC Agreement

Reuters
“If it was just straight debt they’d have to pay a higher interest rate. But convertible investors are willing to pay for some potential future upside in the equity,” Geoffrey Dancey, managing partner and portfolio manager at Cutler Capital Management said after Musk’s comments on Wednesday. Read More

Investors in Tesla Bonds, Options Show Skepticism on Buyout

Reuters
Investors in the debt and in the equity options of electric carmaker Tesla are betting the take-private deal described by Chief Executive Elon Musk will not materialize. Read More

Baupost’s Tesla Convertible Bonds Are Said to Be Bearish Wager

Bloomberg
Seth Klarman’s Baupost Group acquired $200 million of Tesla Inc.convertible bonds during the second quarter in a bearish bet against the money-losing electric automaker, according to people familiar with the matter. Read More

Cutler’s Prez Focuses On Output

Worcester Business Journal
“In terms of running the firm, what motivates me most is creating an investment environment where the other investment professionals in the firm really have a competition of ideas. What securities we should be buying and what securities we should be selling. Nothing is black and white; it is just about the strength of your opinion on why your argument is the best. You have to have conviction in your argument.” Read More

Focus: 40 Under 40

Worcester Business Journal
Geoff Dancey, president and managing member of Cutler Capital Management, has been selected as a “40 Under Forty” honoree by area business publication, Worcester Business Journal. Read More