Annual Review — Insurance, tech, and all the rest

by Travis Johnson, Stock Gumshoe | February 10, 2012 4:55 pm

Finishing up our "buy, sell or hold" survey of past "Idea of the month" stocks.

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Source URL: https://www.stockgumshoe.com/2012/02/annual-review-insurance-tech-and-all-the-rest/


4 responses to “Annual Review — Insurance, tech, and all the rest”

  1. jbnaples says:

    Travis,
    Below is a copy from Denver Harris to myself pertaining to SNDXF and PFIC concerns.

    I hope you are doing well. I apologize that I was not able to get back to you until now. I have been out of the country with limited access to email.

    In regards to your question, based in part on current operations and financial projections, Sandstorm does not expect to be classified as a PFIC for the current taxable year or in the foreseeable future. Having said that, the determination of whether or not Sandstorm is a PFIC is made on an annual basis and is based on the types of income Sandstorm earns and the types and value of our assets, all of which are subject to change. Additionally, the analysis depends, in part, on the application of complex U.S. federal income tax rules, which are subject to differing interpretations.

    Whether Sandstorm will be a PFIC for the current taxable year and each subsequent taxable year depends on its assets and income over the course of each such taxable year and, as a result, cannot be predicted with certainty. There can be no assurance that the IRS will not challenge the determination made by Sandstorm concerning its PFIC status or that the Corporation was not, or will not be, a PFIC for any taxable year. We encourage you to seek professional tax advice if you require additional information.

    Feel free to call or email anytime if you have further questions.

    Best regards,

    Denver Harris, Manager – Investor Relations

    Sandstorm Gold Ltd. | Sandstorm Metals & Energy Ltd.

    Email: dharris@sandstormLTD.com

    Office: 604.628.1178 | Mobile: 604.603.5484

  2. nzajr says:

    Travis, Will the PFIC issue raised in the 1st comment change your holdings or view of Sandstorm?

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