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Author: UnkaBob Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 63849  
Subject: Re: Any opinions on Pengrowth Date: 12/17/2012 5:28 PM
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Bob:
The Exchange Income Fund looks a tad iffy to me. The "bush airline" business has usually been a loser in my opinion. Maybe that is because I know a former owner of one.
Their price-earnings ratio of 27 leaves me cold and their balance sheet on globe investor has 20% intangable assets. I respect your opinion but I get the impression of "smoke and mirrors". You were much closer to the tech bubble of 2001 but my cynisysm saved my butt then.

Enbridge Income Fund looks somewhat more reasonable to me. I am taking a close look at it.

I bought some Pengrowth today at $4.80 so everyone can expect the divi to be cancelled and the price to rise like a stone on a summer breeze.

Bob
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