STUDENT TRANSPORTATION INC 5.25 PCT DEBS T.STB.DB.A

RE:RE:RE:RE:72.5 cents US for $1 Canadian

[rehsifylf]

It's ok to say you are not TRYING to be obtuse. But its up to others to vote on whether you ARE being obtuse. Its a perception thing. Just like I'm not TRYING to be a jerk here, but many readers will say I AM a jerk. Clearly, when I reference the exchange rate in my post, I'm aware that the increase in dividends IN CANADIAN DOLLARS is related to the US$/CDN$ exchange rate. The point was, and here is where the obtuse part comes in, that you benefit from the hedging without having to hedge. That was my point and yet your argument restated that same point. It's like the person who explains the joke to everyone when they already got the joke because the joke wasn't that hard to get. If you are Joe 6 pack, you just buy a Canadian stock and your dividend increases with the increase in the US dollar without having to hedge. Its great. Cause, lets be honest, Joe 6 pack doesn't really get hedging. You pay no exchange premium, and as a bonus, the shares are considered Canadian content in an RRSP. Unless you are American (and I'm thinking you might be sleepy) - the dividend has increased 9% and that is a good thing. Especially since it doesn't cost the company anything because the revenue and costs are already in US$. The only downside here is if the Canadian economy starts outperforming the US. Hahahahahah, hopefully I don't need to explain that joke to you.