Robert Lauzon
Golf Town Income Fund
GLF.UN-T
WEAK BUY
Mar 24, 2006
The payout ratio last year was exceptional and will probably continue. He avoids retail and seasonal businesses and this one falls in that camp. If it's a small position in your portfolio, you probably won't go wrong.
Falls into the category of retail side which they tend to stay away from. Has had a good track record. Feels that the golf industry has pretty much peaked. Future growth is somewhat limited.