Viewing Opinion | StockChase
stockchase picture

Compiling comments that experts make about stocks while on public TV.

2017-09-13

Opinion for Altagas Ltd (ALA-T)

Signal Price Bias Subject Owned
TOP PICK $27.590 UNKNOWN REITs, BONDS AND DIVIDEND STOCKS Yes

Incredibly cheap, and mispriced. The market doesn’t like that they made a transformational acquisition of WGL, the US utility. It is going to have to go through a year’s worth of regulatory reviews, but it will double their earnings, and effectively their yields and dividends will increase in about a year’s time. They beat numbers last quarter. Dividend yield of 7.6%. (Analysts’ price target is $33.)

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management http://www.avenueinvestment.com/

No Comments.


You must be logged in to comment.