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Alex:
Nice to hear from you. Hope all is well. You guys are sure gaining in
market share. It is interesting to watch.
Thanks for the comments. I am sure once SSF gets started the forces of
change will work their magic in getting the tax law playing field more level.
Nothing stays the same for long.
Regards,
John J. Lothian
In a message dated 2/13/02 4:42:04 PM Central Standard Time,
AJacobson@xxxxxxxxxxxxxx writes:
<< John,
Cool idea. A couple of things you should be aware of.
If they sell puts to acquire stock it is a "tax free" transaction. The put
premiums go right to the balance sheet ... that is why it became so popular
for corporations to write puts on their own stock. It is only tax free on
there own names.
There is also preferential tax treatment for hedging large holdings using
either listed or unlisted collars that would not exist using SSFs.
Now options on SSFs .. if they ever come ... might get the tax treatment
that the other options have. >>
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