Hi Mike

I'm confused ( again ). My understanding is that there are three components that drive share prices, the current dividend, the potential for future dividends and increasing dividend rates, and the potential for future increases in the share price. If the small fish get snapped up by larger fish, who in turn are purchased by the largest fish, someone eventually has to pay a nice dividend, or there's no reason for anyone to buy in, unless it's Madoff who's selling ;-) .

What drives the share price of the seniors, if they can't expect to be bought out and they don't pay a great dividend ? Do the senior's profits mainly go into paying the investors who sell them the ECUs of the world ? I guess I'll just have to console myself with booking that huge profit . Thanks for the link. I haven't had a chance to explore yet, but you're in my bookmarks now.

Wannabe