Sandy McIntyre
Canada Cartage Diversified Income Fund
TRK.UN-T
DON'T BUY
Oct 13, 2006
Economy cyclical. Exposed to the Quebec, Ontario and midwest corridor, so he is cautious on this. Great management and good business model, but doesn't like the cyclicality.
New trust in March/06. Payout ratio of about 75%. Yield is about 9.2%. Like its business model. They basically have configured fleets to serve specific customers and are dedicated to those customers.