Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 firecracker19on Feb 23, 2007 7:09pm
114 Views
Post# 12301627

RE: False reasoning used to knock the deal

RE: False reasoning used to knock the dealIf silver goes through the roof they may make a nice profit from their investment in Silverstone, but their loss of profits will be staggering. Suppose silver goes to $30 in 2010 and Capstone produces 1.3M pounds. If they sell this silver in the open market they sell it for $39M. If they sell it to SST for $4 they will get $5.2M in 2010. During 2010 they will lose $33.8M in lost profits. They own 19M shares of SST from this deal. These losses will continue year after year after year as they "giveaway" their silver to SST. It could amount to several hundred millions of dollars in losses over ten years. The so called great deal for CS is predicated on silver going up and SST stock becoming more valuable. The problem is that the higher silver goes the more CS loses by selling it for $4. The losses from selling silver IMHO will be far greater than any gain from SST stock and this deal is a major ripoff of CS shareholders.
<< Previous
Bullboard Posts
Next >>