Thursday, March 16, 2006

TRUE RELIGION 3

OFB.UN

Results are out this morning and good. The unit gets no respect from the market and has been trading down by almost a loonie since its IPO, and is currently yield almost 13%. I think I can scoop a bit this morning, probably at 9.25 level and collect my coupon. I believe it could go back to 10 before the end of this year for a nice 20% total return. Unfortunately, I could not steal this one. It went up almost 10%. I'll wait.

TRLG

I am more or less convinced and I may take a small position this morning. This is a real volatile stock and I have to keep an eye on it. This is one of the most difficult stock. For some reason, I just could not feel comfortable. Better not to own it.

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