
TSE:JE
People are concerned with the yield. It is extremely high and people are wondering if they are going to be able to maintain it. The market is a little bit suspect. Few analysts cover this stock. Over all he thinks they set some growth initiatives and came up a little short over the last few quarters. He would be looking at ECI-T (8%).
Stuck in a trading range between $9 and $11. Pays a very good dividend. Have a very good business model but it is a business model that requires them to do some acquisitions for growth. Not certain that you will see $14 again anytime soon. He reduced his position so doesn’t hold a lot of it anymore.
Dividend is on everyone’s mind. Investors punished stock because of dividend. Put up a good Q1. If they can meet their guidance then it will go up. Payout is manageable as long as they can get their financing. Great management team. Reasonably predictable cash flow stream. Will be in good shape a year from now.
Near 52 week lows. Looking at the big picture, there is a potential for more down side, but he would be ok accumulating here for the dividends.