Great Northern Iron Ore Properties (NYSE:GNI)

CAPS Rating: 1 out of 5

Engaged in the leasing and maintenance of mineral properties.


Player Avatar josephpporter (25.67) Submitted: 11/7/2012 9:49:05 PM : Underperform Start Price: $73.15 GNI Score: -0.53

GNI is a trust that is scheduled to dissolve on 6 April, 2015. At that time, the trust will be liquidated, the net cash of the company distributed among the 1.5 million "shares" (not really shares, but certificates of beneficial interest), and then they (the "shares") become worthless. Currently, the value of the final "net cash" is approximately $8.60 per share.

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