Anodyne
Saturday, April 14, 2007
 
Anodyne Inc.

Sell:

Hart Stores (HIS): 4000 shares x $4.85/share = $19,400.00
Transaction charge: $25
Net cash: $20904.57
Share balance: 1769 shares

Buy:

Parkland Income Fund (PKI.UN): 400 units x $37.75/unit = $15,100.00
Transaction charge: $25
Net cash: $5779.57
Unit balance, 1170 units

TerraVest Income Fund (TI.UN): 800 units x $6.34/unit = $5706.00
Transaction charge: $25
Unit balance, 1109 units

Cash balance, $48.57

Hart Stores' CFO either resigned or was let go toward the end of March. Massive insider selling in the last few weeks. Nothing fishy in the most recent set of financials, but it seems prudent to substantially trim back Anodyne's position. Quarterly report scheduled for release this coming Friday.

Someone wrote last week requesting an updated list of Anodyne Inc.'s holdings:

Dominion Citrus Income Fund (DOM.UN): 12,346 units
E-L Financial Corporation (ELF): 7 shares
Hart Stores (HIS): 1769 shares
Loblaw Companies (L): 217 shares
Norbord, Inc. (NBD): 1208 shares
North West Company Fund (NWF.UN): 600 units
Parkland Income Fund (PKI.UN): 1170 units
TerraVest Income Fund (TI.UN): 1109 units

No pure resource plays; I don't have any skill at evaluating the operation of a diamond mine, gold mine, copper mine or a natural gas field. No airlines, no biotech, and definitely no high tech. These things are totally outside my extremely small "circle of competence." And, as usual, the Anodyne portfolio is a "didactic enterprise," and not a recommendation to buy or sell any security.
- posted by cjb @ 9:43 AM


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