Opinions
David Baskin
Oaktree Capital Group
OAK-N
TOP PICK
Oct 10, 2012
Stock price when the opinion was issued
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(A Top Pick Oct 10/12. Up 55.91%.) This is not a company, it is a limited partnership. He found that the US government and Internal Revenue Service are getting increasingly aggressive about cross border taxation and, they basically imposed a withholding tax of 35% of dividends paid unless they filed tax returns in both federal and California.
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Manages alternative assets, primarily lower graded bonds such as junk bonds or distressed bonds. They get involved in company takeover, financing. Very smart group of guys. Management owns a lot of the stock. Excellent track record. Pays an enormous dividend of 7.9%. Good way to get exposed to something that we don’t have in Canada.