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Bullboard - Stock Discussion Forum Capital Gains Income STREAMS Corporation T.CGQ.E

TSX:CGQ.E - Post Discussion

Capital Gains Income STREAMS Corporation > Extension for these guys? Not a chance
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Post by HCI_STEEL on Jan 17, 2013 12:06pm

Extension for these guys? Not a chance

Have held this since inception. Anyone who believes we should extend the fund to give management a chance to turn this around is crazy. They couldn't manage it all these years so why pay them to run it further into the ground. I'd vote no.
Comment by spazzman on Jan 17, 2013 4:18pm
HCL_STEEL I tend to aggree with you.  Are you planning to hold to termination?  I would think that your adjusted cost base is much lower today.  But is it lower then the current N.A.V. ? or is it closer to $6.00? Looking at a 12 year chart shareholders like yourself have had a heck of a ride. I would like to hear what other shareholders are planning to do. Please Post. 
Comment by JReynolds on Jan 17, 2013 10:29pm
I believed for shareholders like STEEL, they are able to at the very least, break-even even if they pull-out now with the dividends they have collected, though no capital gain enjoyed (since he said he has been holding-on to his units since inception and never sold before). However, looking at the concept of Time Value of Money, we should not use the dividend earned to make-up for the capital loss ...more  
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