Money at about a 20% return doubles in about 3.5 years (rule of 72). This is, give or take , what the Yellow Pages income trust returns as a distribution ; slightly above a dollar and the price is roughly at $5. It was sold in desperation as BCE needed money to buy out Bell South. The hedge fund and pension fund that bought it just about tripled its money when this one got “income trusted†as an IPO. I am not fond of buying anything that someone else just made a killing on as probable there is nothing left on the table. This is now different as it already dropped from 17 to 5. Here is the chart.
It has flirted with the $5 level a few times and briefly went through it. But for parking your money this is not a bad proposition. Were it to continue dropping at the same rate (a ridiculous scenario) you would still be ahead of T-bills.
