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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (17069)	5/14/2003 3:54:21 PM
From: Wallace Rivers	Respond to of 78648

*You quoted MYG's yield at 3.5% today.* I agree with everything you say in your post. All I'm saying is that is what a purchase of MYG would yield at today's price. I would add that MYG yield (were it to hold, and MYG's yield has either increased or stayed the same for as far back as my array goes) does provide support for the stock, as it represents competition to money market. I get a mere 2.1% in money market yields, so I'm picking up 140 basis points holding MYG shares. That was a factor in my investment decision; there are other yield pigs out there, as well, IMHO that represents buying power.