Ravi SoodSomerset Entertainment Income FundSOM.UN.TOBUYApr 07, 2006

Has not performed well since its issue. An extremely well managed income trust. Did a very good deal a few months back. Doesn't think there is a big upside on this. Expects the market will continue to look at it as a buggy whip type of business. Worth owning.

Ravi Sood

Owned

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$8.94

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DON'T BUY

Six months ago he had doubts, but it looks like some of the business is stabilizing. Very dependent on sales of their CDs to Wal-Mart and Target.

WEAK BUY

Near its all-time lows. Very well managed. A difficult business. A value investment, but not a long time hold. Very inexpensive.

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Ravi SoodSomerset Entertainment Income FundSOM.UN.TOBUYApr 07, 2006

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Somerset Entertainment Income Fund(SOM.UN.TO)

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