Bob Brinker: Market Savant & Radio Host Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kirk © who wrote (41785)	12/29/2008 5:33:47 PM
From: gronieel	5 Recommendations Read Replies (1) of 42834

"...BTW, since the state borrowed money at a lower rate to call the bonds on the call date, CA has SAFE CASH that it could use to pay the bond off immediately. Instead, CA invests the money in Treasuries until the call date so it can make some of the difference. I bet if it got a negative return, it might consider paying the money back immediately rather than escrow it...." Kirk it seems like every single time you post you show yet another facet of your ignorance. One would think you would be embarrassed rather than posting proof positive all around the web. So here we go again...even though CA has raised the cash to refund outstanding GOs, it CAN NOT just call those bonds any time it so desires. That's what call dates are for. Why don't you do a little research before you post your amateurish remarks? You will find that some pre-refunded CA bonds are offering a tax-equivalent yield of around 10% with the total safety of a US Government security. You would be doing your subscriber a service rather than cluttering up various sites with misinformation.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next