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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 rmarcon Nov 28, 2008 6:17pm
209 Views
Post# 15617560

RE: RE: RE: I love SST at these levels

RE: RE: RE: I love SST at these levelsThis is what always bothered me about SST. The fundamentals on the surface look to good to be true. SST is like a cash cow when the streams are flowing even at today's silver prices. Yet the stock continues to get pounded.  When the Sherwood gold & silver stream agreements were announced, which should have moved the stock much higher, SST  declined over 50% from .80 cents to under .40 cents. Everyone who owns the stock keeps saying the fundamentals are great yet the stock is still under selling pressure. When a stock looks this good  fundamentally but it continues to languish at  around it's all time lows, perhaps there are other fundamental factors not readily apparent  at play. Yes all PM shares have been creamed  & that is a factor but SST has proved reserves, fixed costs, is  very cash flow positive,  is very profitable selling at about five times earnings.  The flaw in the business model & the fact that there is no guarantee of minimum ounces   & no guarantee of payment to SST if the bought streams aren't produced are big risks that may be the reason the stock is languishing.  SST paid Lundin millions & got nothing for it. SST paid  Aquiline $17 million  & who knows if that mine will ever go into production. That is a total of about $56 million is shareholder capital that is  GONE permanently, returning NOTHING but a prayer that these mines will eventually produce.
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