+ Watch GNI
on My Watchlist
Engaged in the leasing and maintenance of mineral properties.
Trust that seems to have about $11-$12 of dividends left to pay over the next 2 quarters.
This company will be worth $0 by 2015. Investors today will receive a few distributions, which are unlikely to cover the purchase price today
GM is a dinosaur the market shifts to electrification and fuel cell and GM drives with old fashion cars. GM does nothing to get the food into the door. GM IS DEAD!GM must hope that other combatant buys the bakrupt and failed firm General Motors! Target for the next 5 years without change product policy below 1 buck per GM share!Next 5 years posssible that GM files once again bankruptcy
Back on the wagon again...
Riding this down to $0. It is unlikely the PV of the dividends is worth the current stock price.
New 52-wk low. keep digging down in that mine.
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
This royalty trust is ending its operation in 5 years.
Short Watchlist - part of the terminal trust triumvirate with WHX and BPT. Will try to short in RL if it gets back to $135-140. Anyone shorting these or selling puts in RL?
The company goes out of existence in 2015; how could it not under perform the market. Even if the dividend stream continues this is a losing investment.
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