E Good News Is Bad News

Fund News

*Canadian General Investments (CGRIFclosed Nov. having a YTD loss in its net asset value of 2.6%, substantially beating the Canadian index which lost 5.4%. Its largest holdings are Diorama (6.1%); cash (4.1%); Canadian Pacific Railway (3.7%); CCL Industries (3.4%); Element Financial, Bank of Montreal, and Enbridge Inc, (all at 3.1%); Franco-Nevada (2.9%); Gildan Activewear (2.8%); and Royal Bank of Canada(2.7%). Its NAV on Nov. 30 hit $25.81 and its stock price hit $19.26, meaning this closed end fund is a super bargain. It is managed by Vanessa Morgan CFA.

*Yoma Strategic Holdings (YMAIFis selling 75% of its Digicel Myanmar Tower Co Ltd to a fellow Singapoean firm because Myanmar cellphone demand is shooting up beyond YMAIF's capacity to meet it. At the end the last fiscal year, March 2015, national cellphone coverage rose to 55% of the country vs 33% at the end of the prior FY, and a mere 11% the year before that. The rise of democracy means Burmese want to talk to each other.

*Another analyst has shown enthusiasm for Valeant, Chris Schott of JP Morgan whose target price for VRX of Canada is $225/sh. So our Bill Ackman at Pershing Square Holdings (PSHZF) is not alone. PSH.

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