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

To: Paul Senior who wrote (42165)	4/6/2011 3:43:44 AM
From: Madharry	Respond to of 78505

not to be skeptical, but i remember how happy i was when edv.to established a dividend policy, i think they paid it out twice. OT but worth a read: ( the scary thing about this is that from the article it sounds like deloitee is one of the better ones) blogs.forbes.com

To: Paul Senior who wrote (42165)	4/6/2011 1:14:07 PM
From: MCsweet	Read Replies (1) \| Respond to of 78505

AAB.TO, I like this stock and own it. You get exposure to commodities with what seems like a good management that has experience and exposure to deal flow. That being said, I have been tracking the top holdings of the portfolio, and it doesn't look that good recently. By my calcs, they are about 18% lower (Canadian dollars) than the last NAV publication. Also, there are warrants at 1.00 CAD that could be dilutive to future NAV. When those warrants were close to being exercised (they aren't now), I had estimated NAV diluation of 0.15. There is a lot of the portfolio I am not tracking, so my guesstimate could be far off. There is also potential gravy that could add substantially to the NAV, such as incentive shares. Nevertheless, I am inclined to hold and not add here to see if I can buy it at a better discount in the future. MC