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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 gcelmainison Apr 24, 2009 1:19pm
107 Views
Post# 15942661

RE: RE: RE: Status of Vote - To Contrainains

RE: RE: RE: Status of Vote - To Contrainainsrmarc, I think that yoyo gets it just fine, and I think that your comments aren'twarranted at all with respect to Pylot, Silverstone, or Capstone.

The track record for Pylot, Silverstone and Capstone speaks for itself. If it were not for the current (commodity) market conditions, things would be better for everybody including SST. However, they are not and this deal guarantees success for SST and certainly provides greater long term leverage and valuation. ALthough I would like to have  seen a ratio of close to 0.25 than 0.185, I also realize that if this deal wasn't in place, I think that SST would be trading at, probably the 1.20 to 1.30 range. Be careful what you are asking for!

Finally, CS will have a significant continuing stake (they own 24.5% of SST) in SLW and it was in its best interest for Darren Pylot to negotiate the best possible deal for SST as it will benefit CS. I believe that he/they has done what he/they can. Otherwise, I gaurantee they would have walked.

To my knowledge there are no other er buyers for SST immediately, so I wouldn't expect to see otherwise. Expect a lower price if this deal fails.

IF you believe in the silver price, hold the SLW because it will only do as well as the commodity right now. Otherwise you might want to consider buying CS as it holds the stake in SST/SLW or look at other associated projects that they involved in like ZCC (Zena Capital). Again the track record speaks for itself.

I hold SST, CS, and ZCC.
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