Re: Rate cuts
posted on
Jan 23, 2008 10:16AM
You are beating a dead horse about PDP, they invested that money prudently based on information that what was good and widely accepted as good. Very few people in the world could have read the asset backed securities problem that affected CLL and PDP. If you can time investments and divestitures perfectly then I would think you would have enough cash in your account that you would not have to worry about making a few bucks on CLL. PDP's per share value to CLL is about 6-8 cents per $1.00 of PDP SP. That would bring the value to CLL SP at about 40-55 cents per share.