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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
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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
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Michael Bryant
:
If that is true, how come it is trading at $105/share?
11/7/11
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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
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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
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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
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