BEC » Topics » Our investment in marketable securities is significant and is subject to market, interest and credit risk that may reduce its value.

This excerpt taken from the BEC 10-Q filed Nov 5, 2008.

Our investment in marketable securities is significant and is subject to market, interest and credit risk that may reduce its value.

Within our pension plan assets, we maintain a significant portfolio of investments in marketable securities. Our earnings could be adversely affected by changes in the value of this portfolio. In particular, the value of our investments may be adversely affected by increases in interest rates, downgrades in the corporate bonds included in the portfolio and by other factors which may result in our pension plans being underfunded. Each of these events may cause us to reduce the carrying value of our investment portfolio.

This excerpt taken from the BEC 10-Q filed Aug 6, 2008.

Our investment in marketable securities is significant and is subject to market, interest and credit risk that may reduce its value.

Within our pension plan assets, we maintain a significant portfolio of investments in marketable securities. Our earnings could be adversely affected by changes in the value of this portfolio. In particular, the value of our investments may be adversely affected by increases in interest rates, downgrades in the corporate bonds included in the portfolio and by other factors which may result in other than temporary declines in value of the investments. Each of these events may cause us to reduce the carrying value of our investment portfolio.

This excerpt taken from the BEC 10-Q filed May 7, 2008.

Our investment in marketable securities is significant and is subject to market, interest and credit risk that may reduce its value.

In regards to our pension plan assets, we maintain a significant portfolio of investments in marketable securities. Our earnings could be adversely affected by changes in the value of this portfolio. In particular, the value of our investments may be adversely affected by increases in interest rates, downgrades in the corporate bonds included in the portfolio and by other factors which may result in other than temporary declines in value of the investments. Each of these events may cause us to reduce the carrying value of our investment portfolio.

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