Mike Arnold
Long only, small-cap, tech, growth at reasonable price

Continued Pain Makes Dundee International More Compelling

To be a successful stock picker, one must have both (1) a variant view on value than other investors and (2) a penchant for astutely timing investment decisions.

As it relates to my original analysis on Dundee International [(OTC:DUNDF) (DI.UN)] ("DI"), I still hold a variant view than the market - that DI is undervalued - but I admittedly got the timing wrong. Shares are down 11.5% since I recommended the shares, 9% when including dividends received. DI pays $0.07 monthly dividends, for a current dividend yield at nearly 10%. While I got the timing wrong, investors are at least paid to wait for a rebound in share price.

Income-oriented equity investments in Canada have been crushed as...

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