Canadian Dividend and Value Investor

Financial Blog, with a Canadian perspective, geared towards index and value investment philosophies.

Name: Rick Di Lorenzo
Location: Milton, Ontario, Canada

Friday, October 17, 2008

Priszm Income Fund

Priszm just announced their third quarter, and there is some positive news in that their turn around has remained on track, with their dividend pay out ratio still being attractive.

Their share price prior to that had hit an all time low of $1.25 which to me looked like a great buying opportunity. The price is rebounding up now with the third quarter results.

Some additional good news is that Priszm has been executing share buybacks while their share price has been fairly depressed.

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