Opinions
Peter Hodson
Canoe EIT Income Fund
EIT.UN-T
TOP PICK
Jul 26, 2005
Not an income trust guy, but has been watching investors buy non-diversified cyclical industries accepting a 4/5% yield. This one has no analyst coverage yet it's $1.5 billion. 10% yield with a diversified portfolio.
$8.790
Stock price when the opinion was issued
investment companies
funds
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
COMMENT
Pays an 11% dividend yield. How are they paying that? They probably hold a lot of Canadian infrastructure but those stocks pay only 3-4%. The US component is also dragging down that yield. There's a mismatch here in holdings vs. the 11% yield. The total return will probably be 5-7%, but the high yield will limit share performance. This is a warning. Look at their top holdings and see how you feel about that.
investment companies
funds
COMMENT
Not a fan of closed fund since the underlying securities will deviate from the net asset value of the fund. There are big dislocations. Underlying holdings are good quality companies. On a weighted basis, the yield is 3%, but the fund is paying 8%. This comes from the capital gains. It is not pure yield.
investment companies
funds