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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (11900)	1/24/2002 7:44:38 PM
From: Gottfried	Read Replies (1) \| Respond to of 23153

MH, Updated SEMI charts suite101.com Last 5 charts on list are the most important. G.

To: The Ox who wrote (11900)	1/24/2002 8:04:10 PM
From: LK2	Read Replies (1) \| Respond to of 23153

RE: TXM. It's not a common stock. It's a hybrid security. Usually the initial press release gives the details for the potential return on these hybrid securities. But the release below only says that at maturity (August 15, 2004), you get back $10.00 plus a stock return which could be positive, zero, or negative. I don't follow these hybrids, but I am a little surprised that you could have a negative stock return payment. From the few I've seen, you at least get back the initial price of the hybrid. But this is a play on American Express stock. Most people would rather play the stock directly, rather than through a hybrid like this. I seriously doubt this hybrid, TXM, pays an annual dividend of $1.00. Yahoo shows a dividend rate of $0.28, for a yield of approximately 3.23%. That sounds a lot more reasonable than a dividend yield of more than 11.5% at a price of 8.67. Regards, Larry >>>>> amex.com August 10, 2001 New York--The American Stock Exchange today began trading Salomon Smith Barney Targeted Growth Enhanced Terms Securities (TARGETS) Trust XI with respect to the common stock of American Express Company. The three-year, $110 million issue is listed under the ticker symbol TXM and will mature on August 15, 2004. The securities, which have a face value of $10.00, offer a potential for growth and income. At maturity, the issuer will pay the sum of the initial principal amount of $10 per TARGETS and a stock return payment, which may be positive, zero or negative. The securities are issued by Salomon Smith Barney Holdings Inc. The Amex specialist unit for the securities is AGS/STR/OTA. For further information on TXM, please contact the Capital Markets Group at the American Stock Exchange at (212) 306-1659. >>>>>