Pink Sheets - Part II

Another Pink Sheet/Bulletin Board stock I came across recently is the Mills Music Trust (MMTRS.OB). Mills is a trust that owns the rights to a music catalogue dating from the 1960’s. The trust receives the royalties from songs in the catalogue, which is currently paid by EMI Music Publishing Co. It is owned 28% by MPL Communications, Ltd., which is Paul McCartney’s music company.

It sells at $38.50 per share and paid out a $4.48 per unit dividend in 2006. The downside of this company is that the trust has a finite life since the copyrights will eventually expire and the songs will enter the public domain. It is also involved in a legal dispute with EMI that has been ongoing for several years.



http://finance.yahoo.com/q?s=MMTRS.OB

The stock did fairly well for a while but has plateaued the last couple of years, and has had a sharp drop the last week or two as the chart above shows. Mills is also a transparent company. I couldn't find a web site but they do file with the SEC.