Tuesday, 16 November 2010

Carfinco Gets Accolades Through The Globe And Mail

Carfinco Income Fund (TSX:CFN.UN)
Units issued: 23.9 million
Units fully diluted: 24 million
Current monthly distribution: $0.02
Q1/2010 special distribution: $0.04
Q2/2010 special distribution: $0.10
Q3/2010 special distribution: $0.10
Vox columnist Fabrice Taylor who covers capital markets and investments for the Globe and Mail wrote a insightful piece on Carfinco that was published in the Globe yesterday.

Taylor is an award winning journalist who worked as a Chartered Financial Analyst in the brokerage industry for many years.

The Fund has caught the attention of Taylor, who is also a Carfinco unit holder. Here is a clip from his article:

"Investors in Carfinco get a piece of a fast-growing, well-run operation. The trust faces little competition and any new entrant will encounter barriers (it’s not easy to build relationships with 1,300 dealers). For the trouble of owning such a business, investors are paid 8 per cent while the units march gradually higher.

The easiest money has already been made, but it still looks like a prime investment, which is why I own the stock."

Read full article by clicking here......