Seeking Alpha
  • Michael Bryant
    Great Northern Iron Ore Properties (GNI) now yields 16%, almost twice the S&P 500 longterm average & formed support http://yhoo.it/txzhIq=
    11/7/11
    Reply (5)
    • 458402: You should read the prospectus. The trust expires in about 3.5 years and will pay out approximately $10 per share upon expiration, no thanks
      11/7/11
    • Michael Bryant: If that is true, how come it is trading at $105/share?
      11/7/11
    • 458402: because many people buy/recommend the stock without knowing exactly what they are purchasing. Look at the prospectus...stock disolves on
      11/7/11
    • 458402: April 6th, 2015 and will distribute approximately $8.25 to the shareholders. Assuming no dividend increases you will receive $45.50 in
      11/7/11
    • 458402: dividends and $8.25 when disolved...hardly worth $105 in my opinion. But again, so many people have no idea what they are purchasing
      11/7/11