Waiting on a deadline
At this point there is no indicator signalling a rise in the price of the units . Why own what is essentially an equity if it doesn’t seem to have an upside?
February 1, 2010 | Posted in Trusts | Read Article »
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Trusts
Yellow dog
Without a reason to hold in anticipation of a richer payout of distributions or appreciation of the price of the units I think that its time to look for an exit.
January 26, 2010 | Posted in Trusts | Read Article »
Cold To The Opportunity
Tough times no doubt and given the seasonal nature of the business with sales strength in the May to August period I think you would have to be cautious at the best of times.
When In Doubt Go To Cash
Hi Lou,
Do you have any comment on Enervest Diversified Income Fund? I bought it in 2001 and it has performed well for me in terms of distributions, but it has cut its distribution, its share price has fallen, and management has changed. I’m wondering if it’s worth holding onto it to see if it comes [...]
Wrong Trust Wrong Business
The Investment Reporter as well as the BUY and SELL advisory gave this a buy rating when the unit price was trading at $5.67 (This is much after the div. was reduced in May)Since then it has fallen to $5.15 and has been staying around $5.20.
There was some unusual trading today when it hit $5.28 [...]
June 12, 2009 | Posted in Trusts | Read Article »
Reduced Payout A Sign Of Good Management
Hi Lou,
What’s your thoughts going forward with Penn West (PWT.UN) …they’ve dropped their dividend for the month of April. Could that be an indication for trouble ahead?
Colleen
Hi Colleen,
Penn West Energy Trust ( PWT.UN TSX) did reduce their cash distribution in April to $0.15 per unit and they have maintained that level for the month of May [...]
Getting Paid To Wait
George from Squamish BC writes about FCE.UN-TSX:
HI LOU,
I AM INTERESTED IN THIS INCOME TRUST AND WAS WONDERING IF YOU LIKE INCOME TRUSTS IN GENERAL AND WHAT ABOUT THIS ONE IN PARTICULAR?
GEORGE
Hi George,
One of the things that always gets my attention are opportunities to get paid while I’m waiting for a situation to develop. The fact [...]
April 26, 2009 | Posted in Trusts | Read Article »
