Wednesday, July 25, 2007

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.
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3 comments:

  1. AnonymousJuly 25, 2007 at 8:06 PM

    I remember listening to a First Eagle Funds conference call maybe late last year. Mills Music Trust was one of their long term holdings that they apparently have been holding since the 80's I believe.

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  2. TJFJuly 25, 2007 at 9:05 PM

    Well First Eagle must be very happy then, although its hard to find a chart going back that far on it.

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  3. UnknownJuly 30, 2007 at 12:47 PM

    We all know that high risk is correlated to high rewards in the stock market...So, these extremely risky stocks, could be the big payday. But first, you must study the market ins and outs as well as doing research on all possible investments. I would recommend starting by taking a look at this report i found on here that helped me a few weeks ago...

    Penny Stocks with Pink Sheets: Special Report

    -cheers

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