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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 28, 2009 2:09pm
142 Views
Post# 15950318

RE: RE: NO, not at this price

RE: RE: NO, not at this priceActually there is good reason to hold onto the SST shares while we wait.

First of all, I don't believe that the deal will fail because there is a premium on the price that SST would fetch today - I am guessing in the $1.20-1.30 range. Approximately the amount the market has moved up for silver companies since the beginning of March.

Secondly by holding onto the SST, I still have the chance that a better offer will be forthcoming. However, I believe that this is remote because I have been following this company for a long time, and know that there haven't been a significant amount of possible suitors out there for SST. It really is still too small to attract significant interest.

Finally, the market wasn't giving the .185 ratio (except today it is). A couple of days ago, SLW was trading at 10, and SST was 1.78-1.80. So there is a slight arbitrage. However, what the market is also suggesting is that there isn't another offer forthcoming.

By holding, what have I to lose? Unless I believe the deal isn't going through, which I don't believe.

I am not trying to convince anybody to vote yes or no. I just don't like the mud-slinging based upon pure speculation.

I don't know Darren very well, I knew Chris quite well, but I do know that he has managed conservatively and has always done the right thing for shareholders.

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