Topic: How To Invest

Hi Pat, I have been a member of the Inner Circle for a few years, and thank you for all of the wonderful advice. What is your opinion about Armtec Infrastructure Income Fund? Thanks.

Article Excerpt

Armtec Infrastructure Income Fund, $17.84, symbol ARF.UN on Toronto (Units outstanding: 19.4 million; Market cap: $346.1 million), makes pipes, highway noise barriers and a range of other components that are used in the construction of roads, bridges and buildings. Armtec first sold units to the public at $10 each, and began trading on Toronto in July 2004. The fund has three divisions: 1) The Armtec division supplies 49% of the fund’s revenue and specializes in high-density polyethylene and corrugated-steel pipes for drains, bridges and water-management systems. 2) The Con-Force division, which accounts for 44% of the fund’s revenue, sells precast and pre-stressed concrete products for construction. 3) The Durisol division makes up 7% of the fund’s revenue and sells a range of highway noise barriers and related products. Armtec Infrastructure Fund generates most of its revenue in Canada. International customers account for just 9% of its sales. In the three months ended March 31, 2009, Armtec’s revenue rose 37.3%, to $63.7 million from…