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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals)

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To: Charger who wrote (1729)5/25/1998 12:38:00 PM
From: George Burdell  Read Replies (1) of 1757
 
Charger -

At the time this discussion started, GB was telling folks with this type of question (that he considered beat to death) to post on the original thread. I did.

After extended number crunching on my part, I have decided that after taxes are considered, the P and the W are dead even. However, the cost of the W is up and the cost of the P is down since I first asked about this situation, around 3 PM Friday... I'm sure that it will require fresh number crunching any time an investment is made from this point forward.

If money is limited, and you can pay the .50 conversion cost out of future funds, rather than by selling off a percentage of your holdings, W are better. If you want to buy now and not check your portfolio until 2001, the P are better. Other situations, you can't go wrong.

I'm considering buying the P for the dividend and then holding until it appreciates back to my purchase price and selling. No tax liability until ultimate sale and no out of pocket expense (except opportunity cost), pretty sweet.

GB
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