Trade Me (TME)

[Major von Tempsky]

Well I dunno - according to The Press this morning people and institutions buying into Trade Me at $2.70 can expect a yield of 5.1%.

That is, about half Telecom's yield!

And some people maintain the market is "rational"?

Never has Warren Buffett's words of wisdom been so aptly illustrated that he avoids floats as they are a device to unload shares from which existing owners have taken all the profit and which approach stagnation or decline onto eager ignorant suckers egged on by the news media.