Noranda Income Fund Unit NNDIF

TDW Action Notes for Wed 3 March...

[JasonBilly]

...still has NIF as a buy but with 12-month target reduced from $2.75 to $1.75. Maybe someone's been paying attention at long last. But there must be some way to realise the value of NIF closer to what was offered as a buyout a couple of years ago - higher than both the above figures.

[mdaffin]

since that buyout offer, management has dumped over 100 million into the plant, which dropped in value even more. anyone following TD can kiss money goodbye. Glencore could offer a 50 percent premium, and they still don't think it's worth it at today's price.  it was cute how they inferred in the last conference call that the board was interested in shareholder value. they had