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Non-Tech : Is Terra Nitrogen Co. L.P. a good buy? (TNH)
TNH 83.960.0%Apr 2 5:00 PM EST

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To: Jaime who wrote (5)2/13/1997 5:05:00 PM
From: william liao   of 91
 
Hi Jaime, thanks much for the infor. tnh dividends have been up from below $2 to last year $6 plus. The plant explosion was in Iowa, which belonged to Terra Ind. which purchased tnh in 1994? tra's major shareholder is in Europe (65% of its stocks?)International demands for rice, wheat, soybean are becoming bigger and bigger. tnh is in a good and stable business, with very good growth. It is true that we need to watch out gas price. It is up this winter, right?
I used to a shareholder of Terra Ind. and followed the stock for two years. I read somewhere that tax law on some of L.P. will be changed in 1998. Currently L.P.'s profits are not taxed. They are distributed to shareholders. This tax exempt status will expire by the end of 1997. In 1998 L.P. must pay tax first, then distribute what is left.

However, I remember that each L.P. will be treated differently. If I am not mistaken, L.P. related with natural resources will still enjoy the "tax holiday." But I am not sure. I read this about 2-3 years ago.

Best luck,

william
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