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To: Terry Maloney who wrote (247668)6/29/2003 8:41:34 PM
From: Giordano Bruno  Read Replies (1) | Respond to of 436258
 
kitco.com

Think fast -g-



To: Terry Maloney who wrote (247668)6/29/2003 8:44:45 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
i'd like to hear Joan's answer. the lady is consistently right as rain on a water starved sharecropper's patch...

btw... Joan... some other tanker sales would indicate a value perhaps more towards eleven plus the divvies. I haven't confirmed, but someone wrote drydocks are full until 2005/6 with suezmex tanker construction... hence, double hulled might go for a premium w/o depreciation, if true. In that case I'd give it another two or three bucks.
If BP signs for another 7, well i'd go to the mid 20's given the new tax on divvies. I'm told september will be the answer to the renewal question.. a year in advance of contract end.



To: Terry Maloney who wrote (247668)7/2/2003 11:19:18 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 436258
 
Terry,

I have run out of ideas where to hide with paper. The best I can come up with at the moment is foreign government debt of Australia, New Zealand, Canada, and Norway. The darn Canadian and Norwegian governments will not register their debt to be sold to people from Minnesota, Sooooooo Australia and New Zealand are my options.

Bought a starter position in QRACX - maybe these boys can make a buck for me during the next 10 years. <gg>

I am trying an experiment with Australian government debt. Bought some short term debt. It was a 3 months to maturity with 2.54 YTM. There is currency risk, but for some reason I do not have a lot of faith in the US dollar. If this works, this could be a game for US investors to manage their own money market fund. Rates are better than any short term AAA or FDIC insured junk in the states.

Can you believe what people are paying for equities these days - the world has gone mad!!!!!!!!