+ Watch GNI
on My Watchlist
Engaged in the leasing and maintenance of mineral properties.
Winds up next april. Going to 0 for sure. Might as well pick a sure thing.
Riding this down to $0. It is unlikely the PV of the dividends is worth the current stock price.
What bbmaven said.
Admiral Ackbar can sum this one up for you...http://www.youtube.com/watch?v=piVnArp9ZE0
This will be worthless after the end of the trust.
New 52-wk low. keep digging down in that mine.
Long in GNI is like Russian Roulette. Do you think you can continue to collect the rich dividend and get out in time before the major crash? Good luck - I choose not to play. Going to $0 in April 2015 - as written in the trust document itself.Now that the bubble finally burst on Jan 5, 2013 and the stock plunged from the 60's to around 30, it is now only about 50% overvalued. It is still going to $0 - ride the train.
I've lived on the MN Iron Range my entire life, and I'm quite familiar with Great Northern Iron. In fact, many years ago, my dad, (who was Coordination of Mining Development for USSteel's MN Ore Operations at the time), was once offered the head job at GNI's local office, located just a couple blocks from my current home.Many local people, including me, have owned GNI over the years and generally made pretty good money if their holding period was timed in decades.I knew the stock's expiration was coming up, but until I was discussing mining stocks with a local financial analyst today, I hadn't thought of the stock for years. I was shocked to see it trading in the 70's, at least double it's definite value!I see there are some short positions, so I guess either somebody smarter than me figured this out long ago, there must be some non-Foolish fools out there who bought themselves a huge loss?
It's melltiiiing, meltiiiiing I say...
Dividend yield and great fundamentals.
Only one way to go for this trust and it is down.
Magic Formula 11-29-12
all the way to ZERO
This stock is a death trap. From Rueters: "Great Northern Iron Ore Properties (Trust or GNIOP) will cease to be a going concern and all shares will be cancelled, on April 6, 2015. According to the terms of the Great Northern Iron Ore Properties Trust Agreement, created on December 7, 1906, the Trust terminates 20 years from April 6, 1995, that being April 6, 2015. On April 6, 2015, GNIOP, by its terms, will dissolve, and all of its trusts will be terminated and shares will be cancelled. At the end of the Trust on April 6, 2015, the certificates of beneficial interest (shares) in the Trust will cease to trade on the New York Stock Exchange."The total value of dividend payments and residual value is about $60-80. You were warned!
Trying to pick up some free points due to inevitable decline.
It dissolves in 2years
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions