Opinions
Randy LeClair
Co-operators General Insurance Co
CCS.PR.C-T
TOP PICK
Jan 23, 2015
$25.000
Stock price when the opinion was issued
0
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TOP PICK
Stockchase Research Editor: Michael O’Reilly
In times of uncertainty, holding high-quality dividend paying preferred shares is a good strategy. We reiterate CCS as a TOP PICK as it is a well diversified insurance company in a safe market space. We recommend trailing up the stop (from $17) to $20, looking to achieve $25 — upside potential of 12%. Yield 5.6%
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Preferred series C 5%. (CCS.PR.C-T). This can be redeemed in 2016 at $25. Currently trading at $24.31, below its par value. It gives you yield of 7.36%.