Daily Stock Opinions and Ratings

Opinions

Norman Levine Clean Power Income Fund CLE.UN-T HOLD Apr 16, 2007

In the middle of a takeover battle for them. If you own, you are sitting in the driver's seat.

Norman Levine

Unknown

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$6.100

Stock price when the opinion was issued

electrical utilities

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TRADE

Cut their distributions which is fairly rare for a utility trust. Had some production problems as well as exposure to the US$. Doesn't expect any sharp rebound to old distribution levels. Feels payout ratio is somewhat aggressive. Risk prone.

TRADE

Not a name we participated in. Very little growth in the power side. Clean power is great for the environment, but is unpredictable.

DON'T BUY

A combination of hydro electric generation and biomass (basically burning scrap wood product). Hasn't fared terribly well in the market place recently as several of their hydro facilities they had low water levels. Also, the Quebec government changed the rules on tree harvesting. High payout ratio.

DON'T BUY

Have been staying away from the power and pipeline trusts because they tend to be more interest sensitive as more stable type of trusts. However, this one has not been stable. A high rate of distribution which is not a good sign.

DON'T BUY

Has been negative on this fund since inception. The underlying power assets are not a 30 year a power contract.

DON'T BUY

It has had a sketchy history to meet the expectations in cash flow and earnings. Right now having a difficult time earning the cash flow it is handing out. Concerned.

WEAK BUY

Green energy and is a higher risk trust. Recommends only buying if there is a take over

DON'T BUY

Clean Power Income Fund has had a checkered past with its distribution coverage. Wind is of interest to a certain class of investors that will pay over the top price to be green. He looks at wind as a unreliable source of energy. The long term viability has been problematic. The new genertors are much better, but it is not competitive without government subsidies.

DON'T BUY

Has a history of distributing more cash than what it actually earned. They have some good businesses that will be attractive to potential buyers down the road.

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Norman Levine Clean Power Income Fund CLE.UN-T HOLD Apr 16, 2007

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