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To: mishedlo who wrote (197505)	10/15/2002 8:58:53 AM
From: Tommaso	Respond to of 436258

Seems to be the equivalent of US municipals, state, and treasury debt. There are several reasons that people are uneasy --or could be-- with FAX. 1. currency risk 2. interest rate risk 3. risk of widening discount from selling 4. dilution from the rights offering No, it's quite the opposite of junk bonds. I bought more yesterday. It is possible that it will be even more of a bargain by the end of the year, at which time I may be using the rights from the offering to buy even more, at a further discount. No investment is certain, but after short-term U. S. T-bills, inflation protected US bonds, British bonds, and euro bonds, this seems a pretty good bet among paper instruments.