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Stockchase Opinions

Leslie LundquistGaz Metro Ltd PartnershipGZM.UN.TODON'T BUYJul 13, 2006

Shocked the market when it reduced its distributions, which it was never supposed to do because it was supposed to be a very stable, conservative trust.
$16.35

Stock price when the opinion was issued

gas pipelines
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Gas distribution in Montreal, Quebec city areas. Very high quality asset base. No growth profile.
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A gas income trust located in Québec. It has a disadvantage in that Hydro is very cheap in that province. There won’t be a lot of growth. Good distributions and well-managed.
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Good trust, but very thinly traded.