I agree.

TDG`s dividend is paid out of the net income (only 71% payout ).
Their long term debt does not mature until May 2011. No need for refinancing. Looking forward cash flow is as save (or better) then most of the royalties trusts.

I traded this one few times in last 3 months. This time (Dec24) I bought 10k at $3.68 to get the dividends (16% yield). I hope that this is long term investment and I do not have to trade TDG anymore. Just enjoy the growth and collect the dividends.