Bump

A quick follow up on the Cinram story.

The stock closed at $12.80 yesterday, down a scant 5 cents on the day, which was not too bad in what is a volatile market. Then, after the markets closed the company announced that they were reducing their distribution, and then, next month, stopping giving money out to their shareholders until further notice.

8,500,623 shares traded hands today and the stock closed almost 50% down at $6.48 as the stunned shareholders ran out of the crowded (multimedia) opera house.

Hey, but you know, food for thought here. There are the same number of shareholders at the end of the day, 8,500,623 shares were bought today.

The new shareholders must have done their research and have great hopes for the future of the CD and DVD industry.

They also have great hopes for an income fund that no longer provides an income....