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Politics : High Tolerance Plasticity

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To: jim_p who wrote (11040)12/13/2001 11:49:43 AM
From: kollmhn  Read Replies (1) of 23153
 
Jim-
Utilities may have been hammered but, would you buy them irrespective of their yield differentials? That is key, IMO, because without an underlying belief that their prices are going to increase, the risk reward just isn't there.

The 3% difference in yield amounts to barely a point move in the stock price. So, if I'm not willing bet on the stock price holding firm, I'd take a 2% MM yield with a guarantee as to the stock price, instead.

Now, if I really was after the yield, I'd buy some quality junk bonds.
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