Updating our Aggressive Portfolio – Fording Canadian Coal Trust, Nortel Networks Corp., Pengrowth Energy Trust and Tim Hortons Inc.

Article Excerpt

FORDING CANADIAN COAL TRUST $85 (Toronto symbol FDG.UN) continues to trade below Teck Cominco Ltd.’s takeover offer of $82.00 U.S. in cash plus 0.245 of a Teck class B subordinate voting share. The offer is now worth $97.27 per Fording unit. The deal should close on October 30, 2008. As we recommended in August, 2008, you should sell your Fording units if you hold them outside of an RRSP. If you hold them in an RRSP, you should tender your units to Teck. NORTEL NETWORKS CORP. $1.79 (Toronto symbol NT) has cut its revenue and earnings outlook for 2008, due to slowing demand for telecommunications equipment, unfavourable foreign exchange rates and delays delivering certain products. Sell from your aggressive portfolio. PENGROWTH ENERGY TRUST $11 (Toronto symbol PGF.UN) has moved down lately along with oil prices. Lower prices could prompt Pengrowth to cut its monthly distribution of $0.225 a unit (24.5% yield). Even if the trust cut the rate in half, the units…