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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (3138)	1/10/2001 9:15:03 PM
From: John Pitera	Respond to of 33421

I had to check out the CD-I prides, it looked too good to be true. I'm interested to see how they recalculate the yield on those next month. I have some clients asking about yield investments, so I'll help you look around. Yuu know that TRU that we were looking at 6 or 12 months ago has doubled while paying a 12-13% yield. It has those Natural gas properties in Oklahoma and Texas I believe. Convertible bonds can also be attractive CHTR priced one about 2 months ago that was paying 5.5% which is not that exciting but it converted into common at 21 and change (this was when CHTR was trading for 18.50 or so) so if CHTR were to go up to 30 over the next year or so you'd have a really nice return, no downside if the stock does not perform, and still have your 5.5% yield. CHTR is a strong enough company that I don't see them defaulting on bonds. the money center banks have several preferred issues of stock. I found out that GM actually has a zero coupon bond outstanding, and that was a very attractive play with rates coming down this year. John