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SPDR Portfolio Short Term Treasury ETF T.SST.U


Primary Symbol: SPTS

The investment seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays 1-3 Year U. The fund invests at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of short term (1-3 years) public obligations of the U.S. Treasury.


ARCA:SPTS - Post by User

Comment by dfergu7477on Jan 25, 2009 12:35pm
287 Views
Post# 15727272

Still would try to takeover SST

Still would try to takeover SST

Thanks, kidl2 and Nosleep,

I hadn't given consideration to CS's interest in SST as a way to deter suitors seeking to buy SST.  Glad to have CS there--otherwise, we'd probably have already been taken over given how pitifully and undeservedly low the stock price is.

On the other hand...  If I still really wanted all of SST, CS's ownership might not deter me--I could go after all of CS, first. 

Right now, the market cap for CS is about US$180M.  If I bought CS for around, say, $200M or even $250M, I'd have a low-cost copper producer with excellent exploration potential, low debt, a $100M windfall from the hedging program that I'd close out, strong cash flow, AND the largest interest in SST.  I'd then either seek a buyer for all of CS's assets EXCEPT it's SST shares and warrants and use the proceeds to buy the rest of SST (and keep the change); or, keep CS and use it as a vehicle to buy the rest of SST shares over time or with an outright takeout offer, and THEN sell everything but SST shares.

Perhaps my worst case scenario if I succeeded in buying all of CS and SST, is that I'd be "stuck" if I couldn't sell off CS, afterward.  Some worst case scenario; LOL...  CS is a fantastic outfit run by terrific management.  They've built a strong company--as well as SST--from scratch over five years.  If all my investments went even half as well as my initial investment in CS at US$0.40 back in August, 2004, I'd be a LOT better off than I am at the moment.  That's a worst case I can live with!

Just musing, FWIW...

GLTA!

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