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Central Fund of Canada Limited (USA) (AMEX:CEF)

About Central Fund of Canada Limited (USA) (AMEX:CEF) Central Fund of Canada Limited (Central Fund) is an investment holding company. The Company provides alternative for investors in holding marketable gold and silver related investments. It invests its assets in holdings of unencumbered, allocated and segregated gold and silver bullion. Central Fund holds its assets in gold and silver bullion, in international bar form. Central Fund’s nominal holdings of bullion certificates are deposited with Canadian Imperial Bank of Commerce (CIBC). As of October 31, 2010, approximately 50 ounces of silver were held for each fine ounce of gold held. As of October 31, 2010, Central Fund's net assets consisted of 51.9%gold bullion and certificates, 46.1%silver bullion and certificates, and 2%cash and other working capital amounts.


Statistics Symbol

CEF

EPS:

4.12

Current Price

$18.33

Market Capitalization:

$4.37B

52 week range

$12.20- $20.90

Beta

0.19

Avg Volume

568,419.00

P/E

4.45

Financials Central Fund of Canada Limited (USA) (AMEX:CEF) reported increase in 846.5 percent in its total revenue for the quarter ended October 31, 2010. Moreover, its operating income has increased up to $738.54 million which depicts extremely better result compared to last quarter ending which was negative $101.69million. The company reported significantly increase in cash flow from operation which shows that firm is in secure position and its core operations are generating enough cash flows to meet its fixed and variable expensesfor the current quarter. The company’s total assets build up to $3.91 billion with greatest quantity of fixed assets in its composition. Return on equity and assets both are increasing. Total liabilities and total equity stand at $4.11 million, $3.90 billion respectively.


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Central Fund of Canada Limited