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

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To: trustmanic who wrote (2425)	1/15/2002 10:11:59 PM
From: bill	Read Replies (2) of 11633

George, Just read a report on O&G trusts that says they are all expensive. This is based on declining distributions. Prices haven't fallen as fast as the distributions so the percentage return has grown smaller. The report predicts still further cuts in distributions with the trust prices being unsustainably high. None look like a disaster but could be a lean twelve months. Common stock isn't safe, either. I sold my NS today. I'd bought it for the dividend. They suspended the dividend. The price dropped. I waited until I could get out with a small profit. I've got another blue chip that has suspended the dividend. Still waiting for it to to rise past my purchase price so I can get out. It'll be interesting to see how many companies end up suspending or cutting their dividends. Going to be very hard on retirees. Corporate bonds, preferred shares, debentures have steady returns, although the dividends on preferreds can be suspended. As bad as the distribution rate gets on the trusts, it may be the only game in town.

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