TSFAThe trusts are a great instrument to get bought into this TSFA account. I will be looking at this and SIF as 2 business trusts that are highly taxed outside tax shielded accounts. Management in both these co's have done nothing but pay a monthly distribution and in YLO's case, they keep saying they will maintain, and witha little grown lowere the percentage paid out and keep this level as a divedend.... I guess since they have not really stepped out of line and have done what they say they were going to do, I feel they deserve the befefit of the doubt.
i would hope that after this tax loss season, and some getting back into this after the 30 day superficial tax loss period, we will see more demand for this stock. If there is that large a short position it will do nothing but put upward pressure on the share price as they will have to pay out the distribution to hold a short position.
There always is risk but trading at approx 4X ebita....... seems pretty inexpensive, even with a 10% cut in ebita they will be able to pay the distribution, business will not be like this forever, and the stock market always comes out of the doldrum before we see it in the day to day livelyhood.
Good Investing,
Lightning