Convertibles

The modest storefront on Montague Street in Brooklyn Heights used to house a Jennifer Convertibles.

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"Convertibles move with the economy," says Carl Kaufman, portfolio manager of the $1.2 billion Osterweis Strategic Income Fund.

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Convertibles are particularly attractive to those investors who want to participate in the rise of hot growth companies while being insulated from a drop in price should the stocks not live up to expectations.

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Among the merchandise: a 100-piece set of Baccarat "Malmaison" crystal from 1910, a Dennis Basso mink cape and a Carlyle Convertibles down sleeper sofa.

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High-Yield Bonds and Convertibles If rates start to rise, it will likely mean that economic data is coming in better than expected.

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The Woody Bayou Convertibles have a rolled-down height of 17 inches, and stretch up to 25 inches with the skirt extended (see photo).

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One hundred — presumably affluent — individuals snapped up the entire production run of 100 special-edition Neiman Marcus Camaro Convertibles yesterday, and they did it in just three minutes.

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Convertibles, like corporate bonds, also pay a regular coupon.

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Convertibles can be impractical on such long road trips, but don't let that stop you.

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Jennifer Convertibles slid 24 cents, or 79%, to 6 cents, after the Woodbury, N.Y., furniture-store operator said it filed for Chapter 11 bankruptcy protection after the "substantial losses" it had posted recently.

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