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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (25529)	12/15/2006 7:13:32 PM
From: Wallace Rivers	Respond to of 78666

Speaking of Canadian Trusts (Canroys) swapped PDS for CNE to take the loss in PDS, and swapped FRA for CNE in another account, feeling that the interest rate hikes which make FRA attractive may be over. I still like the Canroys a lot, there is a whole basket of them available. If you do chart overlays, the charts are very similar for most. Sucking up substantial yields until at least 2011 makes them compelling. And, there is always a chance that the whims of the Canadian govt. will cause a change in the tax status of these trusts (again....), in which case the shares trade a lot higher. Additionally, I think petroleum products is a good sector to be in.

To: Paul Senior who wrote (25529)	12/16/2006 1:40:07 PM
From: Wallace Rivers	Respond to of 78666

Speaking of the Canroys (again), there is news over the weekend that some say may cause a pop in the prices of these units. I've included the link, anyone with knowledge who cares to share an opinion would be appreciated. search.news.yahoo.com

To: Paul Senior who wrote (25529)	12/18/2006 11:03:54 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78666

re SJT - this royalty trust looks overvalued regardless what MCDEP says. My argument is simply that a depreciating asset with a 7% dividend yield is expected to earn (everything else being equal) less than 7% because the depreciating rate need to be subtracted from the current yield to estimate the current return. So for a reserve life of 30 Years, i would tend to subtract roughly 3% to arrive at the current net return and 4% won't cut it for me. I do not now MCDEP math but it's clear that SJT's gas won't flow forever. Of course returns could be higher if NG get's more expensive but in this case there are much more profitable investment around to profit from NG price appreciation.

To: Paul Senior who wrote (25529)	12/25/2006 4:29:34 PM
From: blankmind	Read Replies (1) \| Respond to of 78666

Anyone think that some of these beaten down mortgage REITs have only up to go from here? Specifically - NEW (now @ $34.44) & IMH (@ $8.87) - to me - with everyone working - i think the fears are overblown

To: Paul Senior who wrote (25529)	1/8/2007 3:35:11 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78666

Hey, I am trying to figure out the taxation of various trusts for US tax-exempt accounts. I assume a royalty trust based in USA (something like SJT) would not be taxed at all in Roth IRA/401(k). What about Canadian trusts? Would they be taxed by Canada at 15% (41.5% from 2011) regardless if US account is taxable or tax exempt?

To: Paul Senior who wrote (25529)	4/23/2007 10:45:48 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78666

Fwiw, closed my position in shopping center/commercial real estate reit KRG. Management seems pretty competent; they are buying shares, business looks good. Just that, having been in reits for so long, a dividend yield of only 3.8% seems to me to be very low and maybe indicative of a topping stock price. Jmo, I could be very, very wrong. (Reits may not be selling on yield anymore, which they did, imo, in past.) In 4/17/06 @ 14.98; out today @ 21.