Noranda Income Fund Unit T.NIF.UN

RE:RE:RE:RE:Same old - sell before ER, buyback cheaper

[Armcorp]

They were vague about cash flow projections - could be as much as 35 million or so by year-end.  Could also be as low as zero.
If you put together what they issued in writing with the transcript of the conference call (which is hilarious in its verbiage and say-nothingness), then it is clear, for people who are used to reading honest presentations that Noranda is determined to tell us nothing of significance. 

I hope for a divvie too - another days-before-Christmas-here's-a-token-gift of perhaps 4 cents.  I heartily recommend that anyone reading this and wondering about investing in Noranda should stay away, because Glencore has too tight of a hold that can only be broken by a lawsuit, bankruptcy, or Glencore selling out. They will never make a buy-out offer except as a way to get out of a lawsuit.  So steer clear unless you want to get a real hate-on for a greedy stealy multinational.