Leslie Lundquist VOXCOM Income Fund VOX.UN-T DON'T BUY Jul 22, 2005

Home security/alarm systems. Has a bit of a checkered history. As a common stock, it did a number of acquisitions and got over-levered and had really poor performance. A perfect model as an income trust. Good growing base of recurring revenue. Should be worth about $10.50/11, but doesn’t see a catalyst to get there.

In home security business. Thinks the strategy going forward is to continue to build that out but also to upscale clients to carbon monoxide detectors. Historically, this has been a tough industry. You would want to see this operating a little longer before buying.