Dividend

A Very Merry George Weston Christmas

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Hi George, just to let you know that your shareholders were very pleased to receive your most generous surprise dividend announcement yesterday, so thanks for the early Christmas gift. Really $1 Billion is a big gift! “TORONTO, Dec. 15 /CNW/ – George Weston Limited (“Weston”) (TSX: WN) announced today that it will pay a special one-time common share dividend of $1 billion, representing $7.74751 per common share, on January 25, 2011 to all common shareholders of record at the close of business on January 18, 2011.” On Dec. 15th George Weston (WN) closed at $79.38 per share, so this special …

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Don’t Buy Mutual Funds, Buy the Company!

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In one of his books Derek Foster has a wonderful quote. He says “Don’t buy the bank’s products, buy the banks!” Well the same can be said for Mutual Fund companies as well. The sad fact is that buying a mutual fund is far less profitable, than actually buying the company that provides the fund. I’m excluding Bond and MMKT Funds  in my example. I’m also exluding high-risk  sector funds – a lot of people lose money on those. I’m sure there are other exceptions, but lets look at one of my recently purchased holdings AGF.B ~ AGF Management. Back …

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