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

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To: trustmanic who wrote (3266)	5/9/2002 12:35:32 AM
From: bill	Read Replies (1) of 11633

Thanks George, I'll check BPT.UN out. One of the reasons I'm interested in Great Lakes is because it's part of the Brascan empire. Branscan recently issued a statement that they want a twenty percent return from the companies they own. Nexfor and Noranda can't do that and so may be sold. Brascan loves those dividends from the companies they own. The new target price on BNN.A is 40.00. If Brascan wants a twenty percent return on Great Lakes, the dividend is going to have to go up substantially. Since I bought my first shares around 12+, the stock has moved up steadily. 20% of 14.00 = 2.80. Also, there is a good chance the stock will move up in price. It'll be interesting to see what they plan on buying with all that money they've just got from their bought deal. I'm not trying to sell anybody on Great Lakes and I could be compeletely wrong. I've just always done well with BNN.A and its companies. I just bought more Nexfor at 9.20 and it is up. Noranda is up. I should have bought the others when I was first picking up Nexfor at 8. Anyway, lots of choices out there.

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