Noranda Income Fund (NIF.UN.TO) Buy, Sell or…

Noranda Income Fund (NIF.UN.TO)

1.44

-0.02 (1.37%)

as of Feb 16, 2023, 7:58:05 pm Market Open.

18 watching

BUY

Likes the zinc business generally. There is a possibility that it gets bought in with the acquisition of Noranda. Good solid business. 9% distribution.

PAST TOP PICK

(A Top Pick Jan 6/06. Down 10.2%.) Primarily smelting of zinc. Largest in North America. Some question on the loss of clients, but so far are maintaining their earnings and distributions.

PAST TOP PICK

(A Top Pick Mar 23/06. Down 1%.) This is a play on smelting which is currently in short supply. Will be a very steady producer over the next few years.

WEAK BUY

Nice, steady, stable performer. Had a run-up earlier this year on the basis that an increase in distributions would be forthcoming. Relatively fairly valued. Great, long-term holding.

BUY ON WEAKNESS

Has a 30 year subordination agreement of the cash flow so a stable trust. Present price may be a little ahead of itself. Would buy below $13.

TOP PICK

They have a zinc processing plant in Quebec and his outlook for zinc is very positive. Approximate 8% yield. On a P/E basis, it is trading at about 15 X’s.

HOLD

Very stable and very predictable. Zinc processor. Have very good long-term contracts in play. Won't be a big growth trust. Fully valued.

DON'T BUY

Not a fan of income funds as, long-term, they have some risk that really worry him. This one has a decent yield but hasn't gone anywhere. In a good market, this would ring alarm bells.

COMMENT

It's in the wonderful space of commodities. A well-run company. This is an income fund, and if the price of commodities goes down, how will this affect the cash flow and future distributions.

TOP PICK

Likes basic commodities right now, particularly the materials. Outlook for copper and zinc are particularly good. This one is really a play on zinc. They have the 2nd largest smelter in North America located in Quebec. Payout ratio is about 70% which is good. Margins on smelting our particularly good at this time.

BUY

Very stable and very predictable distribution. They have no commodity price exposure. Won't have much growth in it. Will be somewhat sensitive to rising interest rates.

BUY

Well organized and constructed. Likes the outlook for materials going forward. Has had a bit of a hiccup lately along with all of the trusts. Longer term, this one is capable of producing a fairly consistent cash flow.

BUY

Sold their position in this trust. Saw other trusts that had a better growth profile. This one has a very stable distributions.

BUY

Likes the longer term commodity outlook here. Fairly well priced at the moment. 8% yield.

STRONG BUY

Has a long term agreement with Noranda (NRD-T) to process their zinc. Low volatility and not affected by zinc prices. 8.5% yield. Great Buy.

Showing 31 to 45 of 49 entries

Most Recent Experts

Jenny Harrington, CEO, Gilman Hill Asset Management

Gilman Hill Asset Management

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Kevin Simpson

Capital Wealth Planning

Bryn Talkington

Requisite Capital Management

Andrey Omelchak

LionGuard Capital Management

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Noranda Income Fund (NIF.UN.TO)