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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (28910)11/9/2007 12:29:44 PM
From: E_K_S  Read Replies (1) of 78666
 
ENERPLUS RES FD (NYSE:ERF) is down with HTE today too.
finance.yahoo.com

They announced their earnings and distribution.
biz.yahoo.com

Totals look ok. The November distribution is $0.44 US (The CDN$0.42 per unit is equivalent to approximately US$0.44 per unit if converted using a Canadian/US dollar exchange ratio of 0.96.) which is $5.28/year, after 15% Canadian tax is $4.49 or just over 10% net yield at current prices.
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I believe you can file for the Foreign Tax credit to receive a credit on your Federal tax return.

The only thing working today are the health care and drug stocks. Glad to see a little green in this sector.

Added a little WM yesterday in the teens but I am expecting a dividend cut and more write downs. I will nibble at a bit more at lower prices.

EKS
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