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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: bill who wrote (1640)	10/16/2001 7:28:30 PM
From: bill	Read Replies (1) of 11633

Found this on Stockhouse. Answered my own question. Amazing what you can find by thrashing around on a number of threads. The special dividend is an indication that the company has no long term growth plans. The dividend is a first step of wrapping up RPC. Ex-dividend, I'm projecting the stock will trade at $1.60. It'll then move to around $2 as investors speculate (nice way of saying insiders and friends buy) that the company is primed for being taken over. Then, I suspect Acktion would make a bid for around $2.25 or so. Sahi will have to get Tanz's support (the old man who charges $1 million a year consulting by phone from his digs in Bahamas) for the take over bid. Makes sense to me that RPC be integrated with Sahi's Acktion... and save $$ on CEO and management salaries.

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