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Fording Coal (FDG)
Returns +141% for
High-Yield Investing Readers
Published: August 18, 2008
Quick, off the top of your head,
how many Canadian companies can you name? If you came up with a few more
than Petro-Canada, Royal Bank of Canada (NYSE: RY), and Potash of
Saskatchewan (NYSE: POT), then congratulate yourself -- I would guess
you're probably ahead of most.
The fact is, our northern neighbor doesn't always get the credit
it deserves in the investment world. That's unfortunate, because Canada
is rich in natural resources and home to a number of great companies.
And as our resident income expert and proud Canuck Carla Pasternak could
tell you, it's also one of the best places around to hunt for generous
dividends.
As editor of our premium
High-Yield Investing newsletter, Carla is always introducing
readers to attractive income-oriented securities -- many of which, not
surprisingly, are based in Canada. For example, back in the February
2005 newsletter, she dug up a few compelling facts on Fording
Canadian Coal (NYSE: FDG, $86.98).
At the time, the Canadian trust was dishing out over half of its
earnings to shareholders and offered a hefty, tax-advantaged yield of
9.5%. But Carla saw even more to like, including a single-digit P/E
ratio and a major stake in Canada's Elk Valley mine -- the world's
second largest source of metallurgical coal. Given China's hungry
appetite for this key steel-producing ingredient, Carla felt confident
putting FDG on her portfolio watch list.
Since then, coal prices have soared to astronomical heights,
taking Fording along for the ride. In fact, the shares have zoomed from
$39.20 to Friday's close of $86.98. Tack on an additional $8.45 per
share in dividend distributions, and readers who followed Carla's lead
have enjoyed stellar total returns of +141%.
In this month's newsletter, Carla ventures into the structured
products market. These securities are essentially stock/bond hybrids
that offer a bond-like secure income stream, but trade on major
exchanges like a stock. In addition, Carla profiles two of her
favorites, both of which yield in excess of 10%.
To read Carla's complete in-depth
profiles of these exciting investment products, available only
to subscribers, we invite you to try out our
High-Yield Investing newsletter. Simply follow
this link to learn more.
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Nathan Slaughter
StreetAuthority Staff Writer
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Income Security
of the Month
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year!
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