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Wednesday, August 17, 2011

For your information: Exchange Income Corporation (EIF) getting some media attention

I own Exchange Income Corporation (EIF) to a reader who suggested EIF as investment. That was back in February 2011 and I had been holding EIF ever since. I am very grateful. It can be difficult, all by itself, to find new investment diamonds. The pearl pays a dividend yield of 7.602%. Best of all, EIF distribution are paid on a monthly basis. Following my sell of Yellow Media Inc. (YLO) a little while ago, I made the decision to reinvest the money in EIF, hoping for a big return and recover from a 300$ loss.

I love Exchange Income Corporation (EIF) from the started because their business is very diversified and they have business in the Inuit territory. And I love native and the Great North territory. Will the love pay back? So far so good. EIF is being managed from the West. It’s one of those company you can expect everything. Let’s see what the Globe had to report about EIF:

“Exchange Income Corp. (EIF-T21.31-0.37-1.71%), an acquisition-oriented transportation and industrial manufacturing company, delivered “excellent” second-quarter results, with both sales and margins exceeding expectations, commented Canaccord Genuity analyst Chris Bowes. “We believe the outperformance is sustainable and below the firm’s potential,” he said.

Upside: Mr. Bowes trimmed his price target by 50 cents to $23.75 due to more shares outstanding but maintained a “buy” rating. Stonecap Securities analyst C. Scott Rattee cut his price target by $1 to $27, citing “increasing macro headwinds” in its specialty manufacturing division.”

Fair enough. 23.75$ is a very good price. It’s exceeding my buy price value of a couple of dollars. Right on top of the world.

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