Noranda Income Fund Unit NNDIF

Further Appreciation on Analyst Recommendation

[patientoldguy]

We need a positive recommendation from one of two analyst to continue the price momentum.
this has been dead money for so long and Glencore influence is not helping.  Don' think we will see a dividend soon but at 1.4X book this is a cheap stock.  Yes it is a cyclical but outlook is improving especially if trade war winds down.   Assume it will climb on the promise of continued profitable operation and the hope for dividend reinstatement.  Would look to sell in the $2.70 range based on 78% retracement on the last dividend hope spike in April of this year.