Noranda Income Fund

NIF.UN-T

Analysis and Opinions about NIF.UN-T

Signal
Opinion
Expert
BUY
BUY
June 20, 2007
Likes the zinc business generally. There is a possibility that it gets bought in with the acquisition of Noranda. Good solid business. 9% distribution.
Show full opinionHide full opinion
Likes the zinc business generally. There is a possibility that it gets bought in with the acquisition of Noranda. Good solid business. 9% distribution.
PAST TOP PICK
PAST TOP PICK
December 8, 2006
(A Top Pick Jan 6/06. Down 10.2%.) Primarily smelting of zinc. Largest in North America. Some question on the loss of clients, but so far are maintaining their earnings and distributions.
Show full opinionHide full opinion
(A Top Pick Jan 6/06. Down 10.2%.) Primarily smelting of zinc. Largest in North America. Some question on the loss of clients, but so far are maintaining their earnings and distributions.
PAST TOP PICK
PAST TOP PICK
July 18, 2006
(A Top Pick Mar 23/06. Down 1%.) This is a play on smelting which is currently in short supply. Will be a very steady producer over the next few years.
Show full opinionHide full opinion
(A Top Pick Mar 23/06. Down 1%.) This is a play on smelting which is currently in short supply. Will be a very steady producer over the next few years.
WEAK BUY
WEAK BUY
April 26, 2006
Nice, steady, stable performer. Had a run-up earlier this year on the basis that an increase in distributions would be forthcoming. Relatively fairly valued. Great, long-term holding.
Show full opinionHide full opinion
Nice, steady, stable performer. Had a run-up earlier this year on the basis that an increase in distributions would be forthcoming. Relatively fairly valued. Great, long-term holding.
BUY WEAKNESS
BUY WEAKNESS
March 24, 2006
Has a 30 year subordination agreement of the cash flow so a stable trust. Present price may be a little ahead of itself. Would buy below $13.
Show full opinionHide full opinion
Has a 30 year subordination agreement of the cash flow so a stable trust. Present price may be a little ahead of itself. Would buy below $13.
TOP PICK
TOP PICK
March 23, 2006
They have a zinc processing plant in Quebec and his outlook for zinc is very positive. Approximate 8% yield. On a P/E basis, it is trading at about 15 X’s.
Show full opinionHide full opinion
They have a zinc processing plant in Quebec and his outlook for zinc is very positive. Approximate 8% yield. On a P/E basis, it is trading at about 15 X’s.
HOLD
HOLD
February 17, 2006
Very stable and very predictable. Zinc processor. Have very good long-term contracts in play. Won't be a big growth trust. Fully valued.
Show full opinionHide full opinion
Very stable and very predictable. Zinc processor. Have very good long-term contracts in play. Won't be a big growth trust. Fully valued.
DON'T BUY
DON'T BUY
February 6, 2006
Not a fan of income funds as, long-term, they have some risk that really worry him. This one has a decent yield but hasn't gone anywhere. In a good market, this would ring alarm bells.
Show full opinionHide full opinion
Not a fan of income funds as, long-term, they have some risk that really worry him. This one has a decent yield but hasn't gone anywhere. In a good market, this would ring alarm bells.
COMMENT
COMMENT
January 30, 2006
It's in the wonderful space of commodities. A well-run company. This is an income fund, and if the price of commodities goes down, how will this affect the cash flow and future distributions.
Show full opinionHide full opinion
It's in the wonderful space of commodities. A well-run company. This is an income fund, and if the price of commodities goes down, how will this affect the cash flow and future distributions.
TOP PICK
TOP PICK
January 6, 2006
Likes basic commodities right now, particularly the materials. Outlook for copper and zinc are particularly good. This one is really a play on zinc. They have the 2nd largest smelter in North America located in Quebec. Payout ratio is about 70% which is good. Margins on smelting our particularly good at this time.
Show full opinionHide full opinion
Likes basic commodities right now, particularly the materials. Outlook for copper and zinc are particularly good. This one is really a play on zinc. They have the 2nd largest smelter in North America located in Quebec. Payout ratio is about 70% which is good. Margins on smelting our particularly good at this time.
BUY
BUY
October 28, 2005
Very stable and very predictable distribution. They have no commodity price exposure. Won't have much growth in it. Will be somewhat sensitive to rising interest rates.
Show full opinionHide full opinion
Very stable and very predictable distribution. They have no commodity price exposure. Won't have much growth in it. Will be somewhat sensitive to rising interest rates.
BUY
BUY
October 11, 2005
Well organized and constructed. Likes the outlook for materials going forward. Has had a bit of a hiccup lately along with all of the trusts. Longer term, this one is capable of producing a fairly consistent cash flow.
Show full opinionHide full opinion
Well organized and constructed. Likes the outlook for materials going forward. Has had a bit of a hiccup lately along with all of the trusts. Longer term, this one is capable of producing a fairly consistent cash flow.
BUY
BUY
September 9, 2005
Sold their position in this trust. Saw other trusts that had a better growth profile. This one has a very stable distributions.
Show full opinionHide full opinion
Sold their position in this trust. Saw other trusts that had a better growth profile. This one has a very stable distributions.
BUY
BUY
June 24, 2005
Likes the longer term commodity outlook here. Fairly well priced at the moment. 8% yield.
Show full opinionHide full opinion
Likes the longer term commodity outlook here. Fairly well priced at the moment. 8% yield.
STRONG BUY
STRONG BUY
June 17, 2005
Has a long term agreement with Noranda (NRD-T) to process their zinc. Low volatility and not affected by zinc prices. 8.5% yield. Great Buy.
Show full opinionHide full opinion
Has a long term agreement with Noranda (NRD-T) to process their zinc. Low volatility and not affected by zinc prices. 8.5% yield. Great Buy.
Showing 31 to 45 of 49 entries