Decade of Daddy Mirror Fundâ„¢ takes its medicine

Wished I’d been on the job.

As the year end approaches, it is time to take our medicine over at the Decade of Daddy Mirror Fundâ„¢. Canadian Oilsands Trust (COS.UN:TSX) is still a pig of an investment, and with last week’s news…things are now worse for the name than at anytime since our Mirror Fund was launched. Selling when you are down 52.16% on your investment is always painful, but the forecast payout at COS doesn’t warrant holding it another day (see prior post “Decade of Daddy Mirror Fund� Quarterly Report” Oct 1-10).

The other name that hasn’t been a picnic is Eli-Lilly (LLY:NYSE). A 21% drop there, when we are up 17% in BMY and 1% in MRK. Time to make a change despite the 5.7% yield. Although we are getting paid to wait — as our mentor would suggest — I’ll find another home for the capital.

MRM
(disclosure – I own COS)