Premium Income Corp. (A)

PIC.A-T

Analysis and Opinions about PIC.A-T

Signal
Opinion
Expert
COMMENT
COMMENT
December 9, 2016

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
June 13, 2016

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
August 30, 2013

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

Show full opinionHide full opinion

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

TOP PICK
TOP PICK
December 24, 2012

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
March 15, 2007
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%.
Show full opinionHide full opinion
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%.
WAIT
WAIT
April 3, 2006
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.
Show full opinionHide full opinion
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.
DON'T BUY
DON'T BUY
February 13, 2006
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.
Show full opinionHide full opinion
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.
BUY
BUY
September 19, 2005
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.
Show full opinionHide full opinion
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.
VAGUE
VAGUE
August 3, 2005
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.`
Show full opinionHide full opinion
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.`
Showing 1 to 9 of 9 entries
  • «
  • 1
  • »

Premium Income Corp. (A)(PIC.A-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Premium Income Corp. (A) is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Premium Income Corp. (A)(PIC.A-T) Frequently Asked Questions

What is Premium Income Corp. (A) stock symbol?

Premium Income Corp. (A) is a Canadian stock, trading under the symbol PIC.A-T on the Toronto Stock Exchange (PIC-A-CT). It is usually referred to as TSX:PIC.A or PIC.A-T

Is Premium Income Corp. (A) a buy or a sell?

In the last year, there was no coverage of Premium Income Corp. (A) published on Stockchase.

Is Premium Income Corp. (A) a good investment or a top pick?

Premium Income Corp. (A) was recommended as a Top Pick by Richard Croft on 2016-12-09. Read the latest stock experts ratings for Premium Income Corp. (A).

Why is Premium Income Corp. (A) stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Premium Income Corp. (A) worth watching?

0 stock analyst on Stockchase covered Premium Income Corp. (A) In the last year. It is a trending stock that is worth watching.

What is Premium Income Corp. (A) stock price?

On 2020-06-05, Premium Income Corp. (A) (PIC.A-T) stock closed at a price of $3.94.