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 > My take - Positive

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Comment by dfergu7477on Mar 12, 2009 8:35pm

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Post# 15841477

RE: My take - Positive

yoyo,

Even if I take at face value all your assertions as to the fairness of the deal--which I don't--the TIMING of this deal is awful.

Why couldn't they wait until AFTER they reported a fantastic 1st quarter, and THEN done the deal? This quarter's AgEq will DOUBLE last year's--talk about a great story. The deal they did on Minto cost them $37mm, and that money is gone. Then, BEFORE they can report and SHOWCASE the benefits, they lock in the acquisition. Why not wait 60 days and THEN talk?

I do not want to hear about how we can now "benefit" from leverage to silver via SLW... If I had wanted to leverage to silver that way, I'D HAVE BOUGHT SLW SHARES.

My opinion is that SST locked in a low valuation for itself and us, and their timing was poor--60 days could have made a BIG difference.

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