Mike,
I bought TMF after hearing about it from you on this thread (thanks!). I requested the prospectus and annual report, and in the prospectus it states:
"The Fund will attempt to invest 75% or more of its total assets in securites issued by the Subsidiaries...at least 65%.... The remainder...may be invested in...companies not affiliated with Thermo Electron which either (i) engage in the same or related industries...or (ii) practice a spin-out strategy similar to that proacticed by Thermo Electron....The Fund will not invest in common stock of Thermo Electron."
Also, per the May 31, 1997 report, TMF owned KFX, Inc., Metrika Systems Corp., and Safeguard Scientifics, Inc. in addition to shares (and some other securities) of all 16 TMO subsidiaries. Most of the subsidiary holdings were concentrated in Instruments, then Biomedical Products, then Alternative Energy Systems, followed by Advanced Technologies, Private Placements, and Process Equipment.
Tell me more about TDS. I read the Fortune article, but there's not that much there. P/E of 77! What do you think?
--John |
