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13:32
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I'm just trying to get an answer to a simple question
Originally posted by madamswer:
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Starting with this clanger:"APA is not a fixed income investment nor is it bond or a proxy for one." "And yet you still don't explain why you're willing to take on the additional risk inherent in buying a single share when you can just buy bonds instead if you think they are mispriced? ""If you're saying bonds aren't mispriced but APA is then your whole argument is nonsense, "you're just trading APA because it's undervalued like anyone else." "As I posted before, you come across as a person who's read a few economics text books & thinks they're smarter than they really are." read a few economic textbooks " is the same as studied economics in a formal setting (for more years than I would have liked), then - yeah - I've ... er .. read some economics textbooks (again, more than I would have liked).
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'Because the yield spread of the individual share (demonstrated over extended period of time to behave like a bond) over benchmark bond yields exceeds historical averages by a margin approaching several standard deviations, which provides added prudential valuation buffer in the share.'
(20min delay)