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Pastimes : NASCAR -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (877)	2/20/2001 5:09:56 PM
From: c.horn	Respond to of 6950

Earnhardt's most unusual investments, though, are his stock exchange seats. The idea, he says, came from his adviser at Salomon Smith Barney. Earnhardt bought his Amex seat about four years ago and closed on his NYSE seat in December for about $2 million. "I think the bid is at one eight right now and the ask is two five," he says. Earnhardt rents their use back to SSB. But he regards them as long-term, dividend-paying investments, so fluctuations in price don't bother him. "It's like owning a big house and then leasing it," he says, "except you don't have to put a new roof on it."