Premium Income Corp. (A) (PIC.A-T) Stock Predictions - Stockchase
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Premium Income Corp. (A) (PIC.A-T)

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Premium Income Corp. (A)

PIC.A-T

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Premium Income Corp. (A) (PIC.A-T) SAVE Mar, 18, 2019, 12:29 pm

6.79 0.05 (0.74%)

What the experts are saying about PIC.A-T



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Signal Opinion Expert
COMMENT

This fund has 5 banks, and they split the capital shares, and the preferreds represent the dividends. A very good income producing pick, because it is about a 6% yield. If you think banks are going to continue to go up, which he does, you will continue to get a high dividend.

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This fund has 5 banks, and they split the capital shares, and the preferreds represent the dividends. A very good income producing pick, because it is about a 6% yield. If you think banks are going to continue to go up, which he does, you will continue to get a high dividend.

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Richard Croft

President, R.N. Croft Financial...

Price Price
$6.920
Owned Owned
Unknown

COMMENT

BMO Covered Call Cdn Banks (ZWB-T) or Premium Income Corp (PIC.A-T)? If you want to be in the banks for the next few years, ZWB is probably the better holding. Doesn’t know much about this one, but it would appear that it uses a significant amount of leverage. With this one, when it is bad like in January or February, it is really bad, probably because of the leverage. Leverage is high risk. 7 years into a Bull cycle is not the time you want to play leverage and high risk.

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BMO Covered Call Cdn Banks (ZWB-T) or Premium Income Corp (PIC.A-T)? If you want to be in the banks for the next few years, ZWB is probably the better holding. Doesn’t know much about this one, but it would appear that it uses a significant amount of leverage. With this one, when it is bad like in January or February, it is really bad, probably because of the leverage. Leverage is high risk. 7 years into a Bull cycle is not the time you want to play leverage and high risk.

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0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$5.700
Owned Owned
Unknown

COMMENT

He would much rather be doing a covered call strategy through ETFs to save money. Also, they are a lot more liquid.

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He would much rather be doing a covered call strategy through ETFs to save money. Also, they are a lot more liquid.

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John Hood

President , J. C Hood Investment...

Price Price
$5.720
Owned Owned
No

TOP PICK

Think of it as a call on the 5 Canadian banks.  14% payout but it won’t continue, runs to 2017.  A cheap way to play it.  Put into a TFSA and enjoy next Christmas.

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Think of it as a call on the 5 Canadian banks.  14% payout but it won’t continue, runs to 2017.  A cheap way to play it.  Put into a TFSA and enjoy next Christmas.

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Richard Croft

President, R.N. Croft Financial...

Price Price
$5.470
Owned Owned
Yes

COMMENT
This is a Covered Writing fund and is designed to generate cash flow. Not designed for growth. The cash flow is taxed as capital gains and dividends. Yield is about 8%.
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This is a Covered Writing fund and is designed to generate cash flow. Not designed for growth. The cash flow is taxed as capital gains and dividends. Yield is about 8%.
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Richard Croft

President, R.N. Croft Financial...

Price Price
$11.310
Owned Owned
Unknown

WAIT
He is looking at the retail space in Canada and the US. Wants to see companies that are in an uptrend. This one could be an interesting turnaround.
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He is looking at the retail space in Canada and the US. Wants to see companies that are in an uptrend. This one could be an interesting turnaround.
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Peter Brieger

Chairman &, GlobeInvestment Capi...

Price Price
$11.350
Owned Owned
No

DON'T BUY
A basket of bank stocks where they write covered calls against the bank stocks. Hasn't done as well as the banks have done. Paying a very good dividend.
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A basket of bank stocks where they write covered calls against the bank stocks. Hasn't done as well as the banks have done. Paying a very good dividend.
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Richard Croft

President, R.N. Croft Financial...

Price Price
$10.890
Owned Owned
Yes

BUY
A lot of their revenue comes from the US. One good thing about this company is that since their US acquisition they have a lot more scale and the mergers dshould work out over the longer term. Presumably a stronger Cdn$ can be offset with any debt they have in that area. A good solid company in a good sector.
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A lot of their revenue comes from the US. One good thing about this company is that since their US acquisition they have a lot more scale and the mergers dshould work out over the longer term. Presumably a stronger Cdn$ can be offset with any debt they have in that area. A good solid company in a good sector.
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Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$10.800
Owned Owned
Unknown

VAGUE
Essentially a basket of bank stocks that they own and write covered calls against. Problems that it has run into is that banks have done reasonably well which limits the upside. Premiums are very low, so they are not getting a lot of money. Payout is still intact. A great alternative to a basket of Income Trusts.`
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Essentially a basket of bank stocks that they own and write covered calls against. Problems that it has run into is that banks have done reasonably well which limits the upside. Premiums are very low, so they are not getting a lot of money. Payout is still intact. A great alternative to a basket of Income Trusts.`
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Richard Croft

President, R.N. Croft Financial...

Price Price
$11.520
Owned Owned
Unknown

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