Friday, August 3, 2007

Income Trusts – Suggested week-end reading.

Next week I intend to start covering Canadian income trusts. However, I will assume you know the basics and so here are my suggested readings for the week-end:

-1- A quick primer can be found here at Wikipedia

-2- Here is a free web site which does a good job of covering income trusts.

-3- And finally, a list of income trusts which are part of the TSX income trusts index.

For each stock in the index, you will have access to some very interesting fundamental information. My favorites are:

(a) The company’s profile

(b) News

(c) Insider’s trading – late but still useful.

(d) … and for entertainment only the forum…

NAL Oil and Gas gave a good quarterly report a few days ago. I intend to start with this trust next week.

Full Disclosure: I bought an initial position today and my position can change anytime without notice.

A very well known technical analyst (he appears on ROBtv from time to time) once said on his web site that income trusts cannot be evaluated technically because of their high yield. I totally disagree with that statement and intent to demonstrate the opposite view over the course of the next few months.

Using technical analysis alone is not enough. At the very least, you need to follow the fundamentals of any company you are considering investing in. Many people only use one or the other. My training has taught me to use both.

The Word

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