(Let me start this off by saying that you shouldn’t judge me because I might write something like, “I read in today’s National Post that…” because, see, we got a free six month subscription. So we put our liberal tendencies on hold just to save money. If you wash it down with CBC, it’s not so bad. But I find I read less of the newspaper than I did of the Globe and Mail.)
Anyway, hours after posting that bit about Lewiscraft with a side of Spinrite, I read in today’s National Post that of the forty Canadian income trust IPOs in 2005, less than half of those with market caps greater than $20M are still trading above issue price. Stock IPOs in 2005, on the whole, did better.
This article (Stocks trump trusts in 2005, pages FP1 and 
caught my eye because Spinrite is an income trust–its IPO was in early 2005. Apparently Spinrite was the fourth-worst new income trust, with a return of -31%. The best ones looked like they were in the natural resources and beer sectors. Heh. The article suggests that the poor returns are due to poor-quality IPOs in a hot market, but that negative returns now does not mean the trust won’t recover.
(What’s an income trust? start here. If you click on the link for the top 100 Canadian trusts and the pros and cons of income trusts, you’ll get a little more explanation (those articles were written before income trust scandal that dogged the Liberals at the beginning of this election campaign).)
Thank you for the new look.
Read into it what you will.
In anycase, the new look is dreamy.
regards
mmb
Oh. Great.
Well, I suppose if I stop now, I’ll still have my intelligence.
Have you heard ads for national post? I heard one what said that is more important how story is told than (presumably) content of story. And the illustration for this were a dialogue of ad manager telling a classified section advertiser that his ad is too dull to be in the post and that he ought to spice up his ad (he is selling a boat or something) with some kinda of dramma–the advertiser should manufacture excitement to make his ad more interesting, make it entertainment–nothing is said about the validity of its content.
My suggestion is that you ought not to read the post. Better you simply recycle it straight from the front porch to the blue/grey bin. This paper only makes you dumber. In my opinion (and i admit that my opinon is virtually worthless and obscenely cynical) you are better to read the sun since there is no pretention to being a real source of news and thus little danger that you will fall victim to its intelligence/soul sucking ways.
Regards
MMB
ooooh — I love the new look of the site!
Very very clean and beautiful!