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Opinions Sandy McIntyre
Fording Canadian Coal Trust (Inc Trust)FDG.UN.TOBUYMay 13, 2005
Very volatile stock. Returning to a level which is more attractive. Cash flow estimates are running at $15/16 a share level for '05. Distributions will be close to that, so at $100 you are looking at prospective yield in the 14/15% area. Metalurgical coal is facilities constrained. Can only deliver so much through the Rockies and Australians have to have new rail/port facilities which will take a year or two.
Sandy McIntyreUnknown
$100.55
Stock price when the opinion was issued
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Being acquired by Teck Cominco (TCK.B-T). If you are holding this in a taxable account, there are some very negative consequences. In an RRSP or RIF you can avoid the tax consequences. He sold the majority of his holdings into the market prior to the transaction.
Sandy McIntyreOwned
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