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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: David Culver who wrote (71)	4/1/1998 4:07:00 PM
From: mr. duck	Respond to of 11633

Did anyone read the article regarding Receipts in the Globe and Mail just this weekend. I can't post a copy of it but what it basically says is that they might be a good stock market play. They gave an example of an investment trust that were first sold at $6 with a $4 installment. They said that as the time to pay for the installment draws nearer, the receipt usually goes down in value as most investors don't want to cough up the remaining $4. Now, for this particular receipt, it went to as low as $3 something. If you had picked it up and paid for the remaining $4 you would have made approximately 40% considering that after the installment the stock went up to $11.50 from the $7 range and you also pocket the distribution given by the company.