If you are playing in the Ball Game - Watch the Ball
Quote:
Originally Posted by
Snoopy
Will have another look at HNZ at some point. The real problem I had with HNZ was the capital ratio requirements, since eased, by the Reserve Bank. So no need to watch the HNZ ball so closely at the moment. Have thrown my own NZ finance hand in with TNR (was DPC). Nothing wrong with HNZ now. Nevertheless I think from here on in, TNR will prove a better investment than HNZ, particularly for TNR bondholders. But I didn't want to upset the HNZ faithful by saying so - oh heck, I just did!
SNOOPY
The real problem that you had with HNZ was that you did not understand it.
The real problem that you have with HNZ now is that you do not understand it.
Best Wishes
Paper Tiger