for example if i buy 100 shares of HYL today at 21 , goldman sachs wil buy it back from me on 02/15/2009 for $25.00 ?
These are outstanding investments as long as you pick solid companies....Many of the banks/financial institions such as WFC and ABN.E have a yeild to call of low double digits..obvioiusly, if they are not called on the date estimated there is some exposure but as an overall investment stategy I have been more than happy with them. Another plus is the distribution they spin off per year so if you are looking for an investment where you can actually see a dividend, go for it. Good luck!