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LL&G Royalty Trust, symbol LRT, invests in off shore oil plus Louisiana etc. companies. Hurricanes Katrina & Rita damaged several of the properties that the trust is involved in. The November dividend was held and there was talk that the trust was going to go under. The price dropped from $8 to $2, but now the dividend has been restarted for December and the price has quickly bounced back to $3 and even at $3 you get a 10.7% dividend. Catagory 5 hurricanes are probably going to be happening a lot from now on, but companies will be taking this into account from now on and have contingency protocols. Because of the future hurricane prospects, the stock may not go back to $8 but even a $6 price would be a double from here and if you buy at this price you will also be getting a 10% dividend. And considering how fast this is bouncing back as people re-evaluate what has taken place NOW would be the time to buy back in.
[ November 27, 2005, 21:05: Message edited by: STAR GAZER ]
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