Zeev's Turnips Patch-No Politics (ZEEV)

[Blue Leader]

Jim - Thanks for your take on Convertible Preferred vs. Preferred. Are there any Convert. Preferred issues that you have in mind that might be profitable in 2008?

My thought on RBS is that it (1) won't go bankrupt (2) that it currently pays an 8% dividend (3) that it is trading about $20.00 per share (a 20% discount to redemption value - call 2009) (4) that the 8% dividend is taxed at a 15% rate vs. regular dividend rate.

Again, Thank you for your help and your posts on this board - I look forward to your thoughts.....Blue