Opinions
Michael Simpson, CFA
Osprey Media Income Fund
OSP.UN-OTC
WAIT
Dec 30, 2005
A decent business, but it wasn't structured properly. At the time of its IPO, it had too much debt and the payout ratio was too high. You are in danger of getting a distribution cut. Once the cut is announced, probably in 2006, there will be a viscoral reaction by the market. They will look at the valuation at that time to see if it is worth while.
$6.300
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