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.

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SPDR Portfolio Short Term Treasury ETF

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Post by dlegovichon Mar 13, 2009 7:12pm

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Post# 15844213

No need to sell

Several comments here are somewhat distrustful of the possibility of getting a better price than the SLW offer today on the table.

You know what?
We don't need to sell the company now.

All remaining debt will be paid off by the end of this month (as stated by management durng the conference call).

If Capstone is the point here, and this deal is a way to let them sell their stake, then SST just needs to start using cash flow to buy back shares and Capstone will be liquidated in less than 12 months.