Boyd Group Income Fund
The Boyd Group is a company based in Winnipeg, Manitoba, Canada. It is the largest operator of collision repair centres in Canada and among the largest in North America. The company operates locations in the four western Canadian provinces principally under the trade names Boyd Autobody & Glass and Service Collision Repair, as well as in six U.S. states principally under the trade name Gerber Collision & Glass. The company also operates Gerber National Glass Services, an auto glass repair and replacement referral business with affiliated service providers throughout the United States.
The Boyd Group Income Fund is an unincorporated, open-ended mutual fund trust created for the purposes of acquiring and holding certain investments, including a majority interest in The Boyd Group Inc. and its subsidiaries. The Fund is publicly traded on the Toronto STOCK Exchange under the trading symbol BYD.UN.
In 2006, the company was listed as one of the top companies in Manitoba.
THis fund has lost over 80% its public offering value. The CEO sold most of his shares before announcing bad news to make the units plummet than started buying back again for pennies on the dollar.