RE: BoughtThanks Junior. I have seen the Scotial Mcleod report they reference. consistent with other reports.
There are clearly a lot of positives to Yellow Pages. Some concerns I have:
- I wonder why they have stopped buying back shares in June. Very agressive to the end of May.
- chart looks awful, looks like it could go lower based on the chart alone.
- As others have suggested this stock is trading very closely with the banks..so maybe just dragged along for the ride.
- expectation of higher interest rates could be hurting the stock
- Is this a business that is being slowly eroded by other internet providers??
- VP of Sales left to pursuse other interests....Could be nothing, but linked with other issues, maybe sales have taken a hit in the 2nd quarter...?
I bought this trust around $10 as a " low" risk stock to balance out my oil and gas portfolio - I think i had it all backwards... :(-.
August 7th quarterly will also release 2009 guidance so that will be an important date, provided we don't hear something material sooner.....
John