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Touchstone Strategic Income ETF V.SIO


Primary Symbol: SIO

The Fund seeks a high level of current income with a focus on capital preservation. The Fund invests, under normal market conditions, at least 80 percent of its assets in income producing fixed-income securities. This is a non-fundamental investment policy that the Fund's Board can change upon 60 days prior notice to shareholders. Income producing securities generally include corporate debt securities, mortgage-related securities, asset-backed securities, government securities (both U.S. government securities and foreign sovereign debt), and preferred stocks. The Fund will engage in frequent and active trading as part of its principal investment strategies.


ARCA:SIO - Post by User

Comment by 3D_Guyon Jun 05, 2013 11:38am
315 Views
Post# 21487139

RE: RE: RE: Surprised by the surprised reactions

RE: RE: RE: Surprised by the surprised reactions

Oh come ON !!!!

 

Let's call this what is is: A company that has never turned a profit in its more than 10 years of existence, who has a deficit of more than 24 M$, in a business (3DTV) that has not yet materialized, who is trying one last Hail Mary pass on the huge gamble that their 3D VOD service will prevent them from sinking.

 

As they do not have the type of cash required for such a huge undertaking, and they have absolutely no collateral, they need to borrow at near usury prices (any Joe can get a mortgage at less than 5% today) to pay the studios.

 

Looks more to me like the gambler who is out of cash and goes to the loan shark for one last big bet.

 

Hope it pays off.

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