SPDR Portfolio TIPS ETF V.IPE

Primary Symbol: SPIP

To provide investment results that before feesand expenses correspond generally to the price and yield performance of an index that tracks the inflationprotected sector of the United States Treasury market In seeking to track the performance of the Bloomberg U.S. Government Inflation-Linked Bond Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc.

ARCA:SPIP - Post by User

SPDR Portfolio TIPS ETF

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Comment by newcomer21on Jul 24, 2001 1:26pm

530 Views

Post# 4020164

RE: IPEC's Stock Price.

The sector is still very active despite the recent sag in prices for oil and natural gas. The problem is that this sector is cyclical. The low multiples reflect this not just for IPEC but most oil and gas and service companies. Witness Anderson exploration's declining stock price amid record profits. People have been burnt in the not too distant past with companies that fell from multiples of 25 such as Renaissance, Startech, TCPL, and others. If the multiples get above 10 for IPEC it will be a slow process or the next five years. I have generally cycled into oil and gas in the summer and moved out by December. This year it took until June for the sag to occur and I missed out on some nice runs from February to May. Oh well. IPEC at 2.50 looks like a bargain to me. Time to buy on the dips.

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