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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

Post by chux02on Mar 13, 2009 11:26am
341 Views
Post# 15842763

The Market Likes It.....

The Market Likes It.....I think "the market" likes the deal as the share price of SLW did NOT go down and is, in fact, up a bit today. If the share price of the purchaser usually goes down after such a transaction, what else could you say? (To me) it seems that everyone likes the deal EXCEPT (some? or a majority?) shareholders but there's not too much unusual about that. I can't think of a deal  that went down where everybody was happy. Add in the current market conditions and that multiplies itself even a little more.
Still....SLW is an outstanding company with excellent growth potential AND it's attractively priced. It's also on many BUY lists on various PM based newsletters.
Finally, I think that if I was an SST shareholder my like or dislike of this deal would depend on where I got in at but ain't that always the way it is??
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