Decade of Daddy Mirror Fund™ update

Although I’ve moved on to greener pastures blogging-wise, the Decade of Daddy Mirror Fund™ still ticks along. We’d accumulated another $640k of cash from dividends, so I increased the existing MKS Inc. (MKX:TSX) position at $12.19. The investment thesis is still intact there: US$10 million of cash flow from operations for the recent fiscal year, the stock is just off a 52 week high, and for the second time in a year they increased the quarterly dividend following a fabulous quarter (now a 5.7% yield).

TD Securities also bumped their share price target to $14.00.

Although it is too early for the regular quarterly report…NAV is at $46.06 million, about 1% off where we were in March (see prior post “Decade of Daddy Mirror Fund™ update” March 20-10; the Dow is off 5.2% since then); overall, we are up 15.2% since inception.

Over at “Get-Paid-While-You-Wait” land, the Units are off 4.7% since March 20th. Since inception of the madness, the units are off 14.9% (including distributions).

MRM
(disclosure – I own MKX)