Sandy McIntyre
Fording Canadian Coal Trust (Inc Trust)
FDG.UN-T
COMMENT
Dec 16, 2005
If you bought this on the basis that coal is a good source of energy over the next 5/10 years and you are going to generate cash flow off the business, then don’t worry about fluctuations. Sold the bulk of his holdings.
Being acquired by Teck Cominco (TCK.B-T). Arbitrage companies were forced to sell. There is a financing gap and Merrill Lynch (MER-N) is part of that, so the market is concerned. The deal could fall apart.
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.