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 > Really not that bad at all

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Comment by parapooperon Mar 12, 2009 10:51pm

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Post# 15841749

RE: Really not that bad at all

The fact that this deal improves SLWs bottom line (cash flow and ounces in ground) by 30+% with only a 7% dilution for them should tell you that it is a total ripoff of SST shareholders.
SLW is way overvalued compared to SST and way riskier because of its debt. If silver were to go to $5-6 SLW would be bankrupt while SST would be perfectly safe at a SP/CF in the ballpark of what SLW has at current prices but without debt.

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