Opinions
Dean Orrico
ACS Media Income Fund
AYP.UN-T
BUY
Apr 01, 2005
Has a strangle hold on the yellow pages in Alaska. Their hedging program runs out in May or June requiring a decrease in distributions, but this has been priced into the market. A pretty attractive play and you're getting a significant premium in yield over Yellow Pages (YLO.UN-T). Likes it and will hold for the longer term.
$9.510
Stock price when the opinion was issued
investment companies
funds
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
TOP PICK
The Alaskan yellow pages. Very stable, slow growth business. IPO came out when the Cdn$ was in the low $0.70's. Didn't have the growth to offset the currency premium. Just cut its distribution. Feels that the CDn$ will go lower and the margin squeeze over the last 2 years will go the other way.
investment companies
funds
WEAK BUY
This is basically the Alaskan Yellow Pages. A very well-run company. Unfortunately, their main currency is the US$. They do have hedges, but these will be expiring shortly. Represents decent value at these levels but if you are a bull on the Canadian$you may want to think twice.
investment companies
funds