Great Northern Iron Ore Properties (NYSE:GNI)

CAPS Rating: 1 out of 5

Engaged in the leasing and maintenance of mineral properties.

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Member Avatar MrMighty (23.50) Submitted: 3/6/2014 10:47:57 AM : Underperform Start Price: $19.46 GNI Score: +10.55

Winds up next april. Going to 0 for sure. Might as well pick a sure thing.

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Member Avatar WhatThe (< 20) Submitted: 2/13/2014 10:39:37 PM : Underperform Start Price: $18.53 GNI Score: +9.11

Riding this down to $0. It is unlikely the PV of the dividends is worth the current stock price.

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Member Avatar EvanBuck (99.74) Submitted: 1/28/2014 4:57:18 PM : Underperform Start Price: $62.41 GNI Score: +79.03

What bbmaven said.

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Member Avatar stuerenburg (59.81) Submitted: 1/11/2014 3:36:25 AM : Outperform Start Price: $20.93 GNI Score: -19.29

value

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Member Avatar TheValueDude (54.39) Submitted: 1/10/2014 2:56:58 PM : Underperform Start Price: $20.46 GNI Score: +17.39

Admiral Ackbar can sum this one up for you...
http://www.youtube.com/watch?v=piVnArp9ZE0

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Member Avatar chk999 (99.98) Submitted: 1/10/2014 1:28:22 PM : Underperform Start Price: $20.72 GNI Score: +18.51

This will be worthless after the end of the trust.

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Member Avatar 2win (< 20) Submitted: 1/9/2014 12:02:31 PM : Underperform Start Price: $22.00 GNI Score: +23.55

New 52-wk low. keep digging down in that mine.

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Member Avatar bbmaven (100.00) Submitted: 1/7/2014 4:15:28 PM : Underperform Start Price: $25.23 GNI Score: +33.47

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.

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Member Avatar SRHCB (< 20) Submitted: 11/30/2013 6:02:41 AM : Underperform Start Price: $63.90 GNI Score: +76.01

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?

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Member Avatar HarryCarysGhost (99.76) Submitted: 10/24/2013 8:41:36 PM : Underperform Start Price: $60.75 GNI Score: +77.89

It's melltiiiing, meltiiiiing I say...

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Member Avatar poxriddengerm (31.00) Submitted: 9/20/2013 2:38:58 AM : Outperform Start Price: $62.01 GNI Score: -80.42

Dividend yield and great fundamentals.

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Member Avatar Reddragyn (69.84) Submitted: 7/9/2013 1:36:30 AM : Outperform Start Price: $60.99 GNI Score: -84.78

Mag Inv

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Member Avatar PrototypeZ (24.90) Submitted: 1/4/2013 4:10:14 PM : Underperform Start Price: $55.69 GNI Score: +97.05

Only one way to go for this trust and it is down.

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Member Avatar Malicience (< 20) Submitted: 12/22/2012 7:38:00 PM : Outperform Start Price: $57.39 GNI Score: -100.85

RoE

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Member Avatar kulls81 (20.29) Submitted: 11/29/2012 1:06:11 PM : Outperform Start Price: $53.11 GNI Score: -98.90

Magic Formula 11-29-12

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Member Avatar mhonarvarthe2nd (< 20) Submitted: 5/18/2012 12:51:01 PM : Underperform Start Price: $41.92 GNI Score: +101.32

all the way to ZERO

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Member Avatar Dzierga (< 20) Submitted: 2/21/2012 4:46:16 PM : Underperform Start Price: $81.05 GNI Score: +115.57

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!

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Member Avatar cibient (25.23) Submitted: 12/5/2011 3:37:41 PM : Underperform Start Price: $68.54 GNI Score: +123.19

Trying to pick up some free points due to inevitable decline.

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Member Avatar vernespunky (< 20) Submitted: 6/21/2011 10:42:20 PM : Underperform Start Price: $65.99 GNI Score: +118.37

It dissolves in 2years

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Member Avatar Tak3natheFlood (37.28) Submitted: 4/19/2011 12:54:03 PM : Underperform Start Price: $61.36 GNI Score: +114.49

This royalty trust is ending its operation in 5 years.

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