Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.940

+1.0%

Nov 7 3:59 PM EST

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To: refugee investor who wrote (913)	8/20/2011 5:29:09 PM
From: Italian Investor	Read Replies (1) of 1366

I love Kahn I hope I reach his age he is one of the better investors going. Yea the swiss franc is a rock that would stink! I usually don’t invest in anything but common stocks, but Francis made me do it gurufocus.com I own these 3 http://finance.yahoo.com/quotes/BAC-WTA,WFC-WT,AIG-WT and for the simple reasons they are long dated, I think the odds are slim that anyone is going to buyout BAC, or WFC, they are too big to fail. Never invested in warrants before I am a rookie, but I like the fact when dividends are paid out in excess of a specific amount it gets taken off the strike price especially BAC it is like nothing. Kind of like not getting taxed on dividends that are being paid out. AIG on the other hand is a little smaller and there is a little more risk of them being taken out before your in the money, but I think it is a very small risk and 2021 that is like 10 years away. I think @ some point between 2011 and 2021 AIG will be considerably higher. Also, note that when AIG starts paying out dividends again anything over 67 cents will be taken off the strike price. These warrants are for such a long period of time I think it would be a good bet that our financial system will be back to normal by then. Most likely much sooner so they could pay off nicely even if they are only small percents of ones portfolio. They are much more volatile than the common I will tell you that all you have to do is look @ WFC warrants on Friday they dropped over 6% when WFC common was down 1.5%.

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