Silicon Investor (SI) -- The First Internet Community

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.

Gold/Mining/Energy : CANADIAN CLOSED END FUNDS AND INSTALLMENT RECEIPTS -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (35)	3/21/2000 1:12:00 PM
From: Sturgeon	Read Replies (1) \| Respond to of 37

Scott, at 47% discount (UNC), even if it DOES take 10 years to go to 0% that works out to an extra 6.5% per year beyond the asset growth... Of course it may all be back loaded in the 10th year (sigh). I think the discount will be back to 30% sometime in the next couple of years and that alone makes it worth owning. Re. TEM, I actually owned that one about 5 years ago. I read an article in the newspaper about how people who had bought the thing had lost money and couldn't get out because there were virtually no bids. That seemed like a good opportunity to be a contrarian. An interesting thing about TEM is that about half (?) of the portfolio is in US dollar bonds. I'm not an expert on emerging market bonds, but I would think that their values are more reliable than the stock part of the portfolio. That makes the discount all the more silly.