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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Comment by Scotch12on Nov 21, 2021 6:26pm
84 Views
Post# 34151238

RE:TD Report and analysis

RE:TD Report and analysis
Can you please provide the link to the report or cut and paste the key data points?  The TD analysts seems to put out basically the same report every Q.    He doesn't appear to even show up for the conference calls anymore.  For certain he has stopped asking questions after appearing exasperated by managements stonewalling in previous calls.  I am a long but something doesn’t seem to add up  with the numbers you present in your post. 

I thought he said that he came up with his 1.50 price target with 3.5 times EBITDA.   A 50 million EBITDA at 3.5 times would that not give you a price target of aprox 3.50  (3.5 x 50 = 175 million market cap  divided by 50 million shares)?
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