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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (8825)11/1/1999 5:50:00 PM
From: Allen Furlan  Read Replies (3) of 78625
 
James, are you familiar with MLN a M/L Mitts. At 10 7/16 the security is pegged to nikei at 14,153. This is an orphan that hardly moved when nikei went up into the 19,000 area last year. As a term trust Merill will not redeem until 2005 so you are at the mercy of the market on a not followed or promoted security. However the security is guaranteed by Merrill to be redeemed at no lower than 10. You get the growth of the broad Japanese market an a nice 18% discount as an entry point.
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