
TSE:EIF
This summary was created by AI, based on 15 opinions in the last 12 months.
Exchange Income Corp. (EIF-T) has garnered significant positive attention from various experts, making it a prominent player in the Canadian stock market. With a strong focus on aviation and industrial services, the company is well-positioned to benefit from increased defense and infrastructure spending, particularly in remote northern regions of Canada. The company has consistently increased its dividend over the past 20 years, showcasing its robust financial health and growth prospects. Although currently trading at a high price-to-earnings ratio, many analysts express confidence in its long-term growth potential, with a solid backlog of contracts and good management backing its operations. Experts encourage a buy-and-hold strategy, suggesting that investors should consider waiting for a better entry point due to potential market corrections.
He met the company last year. Similar to DIV-T, comprised of many businesses, and you buy this for the dividend. There are some good businesses here, but valuing those companies can be difficult. Good for dividend investors.
Just made a recent acqusition that's doing well. 78% payout ratio. 7% dividend is fine this year. Sees 20% EPS growth. 11x earnings, lower than 14x 4-year average. He likes it. It's held up really well when other industrials are getting killed. The one problem though is their net debt-to-EBITDA which is 3x. This is trending in the right direction.