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  • High-Yield Canadian Royalty Trusts: What's the Catch?
    The argument that I was making did not reflect on all trusts. The article suggested that some HIGH YIELDING trusts were like magic – ignoring the perfect market theory.
    XTR pays out quarterly – other ETF’s that cherry pick the universe of available stocks are subject to the same underperformance that has been documented in study after study.
    I kinda like Buffet’s advice – buy a universal ETF.
    EIT.UN is a fine choice that makes it look attractive with the run-up in crude prices. If that segment declines.. it will crater. It is not a substitute for a broadly representative basket of Trusts like ATR.
    ERF is a fine trust – it only yields 5.04% and is a 4 star stock
    AND.UN yields 7.6% and is a 4 start stock. These are not the trusts that I or the article was discussing
    I am merely suggesting that investors do not chase outlandish Trust yields greater that 12% and not expect nasty surprises such as stock price decline and payout diminishment or suspension. Risk = Return.. you may make out like a bandit.. or lose everything.
    Jun 28 08:02 am |Rating: 0 0 |Link to Comment |View article
  • High-Yield Canadian Royalty Trusts: What's the Catch?
    OK.. take Newport.. one year stock performance - down 45% - two Star Rating at Globefund - Two year stock price down over 60%.
    2007: Loss: $26 million on $569 million in Sales.
    The year before loss: $23 million on $372 million sales.
    Guarantee on future Dividend payouts - Nada - they can be cut at any time and several Trusts have done so this year.
    Take a flyer - hope for a takeover - pray it happens before 2011.
    Jun 27 22:07 pm |Rating: 0 0 |Link to Comment |View article
  • High-Yield Canadian Royalty Trusts: What's the Catch?
    There is no free lunch here. The trusts are valued efficiently taking into account their yield. If you were an investor in the vast majority of these high yielding trusts last year at this time you would be down in value significantly.. even after dividend yield.
    Very few high-yielding trusts are ever rated as 4 or 5 star performers.
    I perfer to buy the index fund of Candian Trusts (XTR - up quite smartly in the past 12 months) - if you cherry pick - good luck with that
    Jun 27 19:28 pm |Rating: 0 0 |Link to Comment |View article
  • Broadwind Energy: Cramer, Someone Had to Say Something
    Before everyone goes haywire with ridiculous valuations, you need to pull a Buffet.. what do these companies fundamentally offer the market. Are they particularly clever manufacturers... system integrators... do they have patents.. a powerful brand name.
    The answer is mostly.. none of the above. I have toured some "Wind" factories. It is basic metal fab, purchased turbines and structural steel. Nothing that would suggest a sustainable competitive advantage and nothing that could not be done better by long-established manufacturing operations.
    I am waiting for a company with a sustainable dominating strategy to sell.. ridiculous valuations will get "popped" very quickly once wind power becomes a profitable market to enter.
    In the mean time.. they strike me as more "internet" bubble stories with ridiculous valuations.
    May 23 20:57 pm |Rating: 0 0 |Link to Comment |View article
  • Overbought and Oversold ETFs
    So what?? Are you suggesting a regression to the mean in the future??
    Sorry - that works in biology but not markets.
    May 06 18:05 pm |Rating: 0 0 |Link to Comment |View article
  • Is the Macdonald Dettwiler/Alliant Space Deal Dead?
    You know that every time someone pulls that old “Arrow” chestnut out of the fire – I can only thank goodness that Canada never finished the development of that beautiful and over-priced jet with no market potential.

    This was a bad decision by Prentice – a populist one no doubt – but a poorly thought out decision.
    It merely sends the message to all clever entrepreneurs that Canada is a poor place to develop and nurture businesses. As an owner, you should have the right to sell your business in the marketplace without the government (owning no shares) deciding
    that it is not in the “national” interest for you to maximize shareholder value.

    The immediate result is much cheering and singing of "Oh Canada" like that shown by the author. The long term effect is the loss of potential new enterprises by clever risk-takers who see a more nurturing environment elsewhere.
    Apr 16 22:02 pm |Rating: 0 0 |Link to Comment |View article
  • 3 Reasons To Be Bullish on Solar Stocks - Cowen
    The key question that should be asked is whether you want to invest in an industry that is entirely dependent on Government subsidies for their very existence.
    Maybe solar makes sense some day - right now it is not even close.
    The goverment giveth and the government taketh away!
    Any change in policy and these stocks will crater.
    Mar 24 20:46 pm |Rating: 0 0 |Link to Comment |View article
  • Financial Entertainment TV Buries Itself with Disinformation
    You gotta love it when an analyst cherry picks one call at one point in time. So many have been calling for a retrenchment in Gold for over a year. If you say the same thing over an extended period of time - you are bound to be right eventually. That does not mitigate the fact that you were wrong all of the other times.
    Mar 21 21:27 pm |Rating: 0 0 |Link to Comment |View article
  • Get Long SP500 When VIX Hits 30?
    Are we so desperate that we are chasing random correlations between indices??
    And worse than randomly pairing indices.. only looking back for six months.
    Yikes.. lol
    Mar 12 20:37 pm |Rating: 0 0 |Link to Comment |View article
  • Titan Machinery: Miles to Sow Before it Reaps
    I wish them well - but there is no reason why this model will be any more successful than the defunct Auto Superstores. What value do they add vs. regionally owned dealers?
    I have run an ag manufacturing business for 20 years supplying large and small dealers - guess who is more successful in the inevitable downturns in the ag economy?
    Many Ag enterprises are being floated by the current rising tide - I am grateful for that - can anyone one say tulip bulbs?
    Feb 24 20:40 pm |Rating: 0 0 |Link to Comment |View article
  • Selling My Hedges on Today's Hard Fall
    Yikes! Bring on the aliens and the second coming. It is a slow-down possibly a prelude to a recession not a Global Depression - whatever that is. Oil reserves and consumption have not changed by an order of magnitide in six months. Crops are still being harvested. Famine still reigns in Africa due to a corrupt leadership. I hope you look back in May and smile at your post.
    Jan 23 20:15 pm |Rating: 0 0 |Link to Comment |View article
  • Blood on the Street Means Opportunity
    So buying now may be a good idea.. unless it is not.
    You must have been a High School Football coach in a earlier life.
    Jan 23 11:16 am |Rating: 0 0 |Link to Comment |View article
  • What Would Buffett Do? 3 Safe Financial Picks
    Good calls! Only two of three are down over 12% YTD!
    Jan 17 19:36 pm |Rating: 0 0 |Link to Comment |View article
  • The Inevitable Derivative Meltdown
    What a moron - no basis.. ranting and raving.. sounds like a gold bug to me. Either that or junior got a new computer from Santa.
    Dec 26 10:43 am |Rating: 0 0 |Link to Comment |View article

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