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Trade Like an Institutional Investor and Buy or Sell These StocksThis week’s new 52-week highs and lows… (Jan 16-22)This week’s new 52-week highs and lows… (Jan 9-15)When you look at the earnings forecast for the coming year, minus 37%, even the dividend they are paying now doesn’t cover what they are paying out. What concerns him is the long run balance sheet trend back to 2011, which is in a downward slope. It doesn’t have a particularly robust balance sheet and is paying out too much in dividends and selling at BV right now.
The consensus earnings estimate in the next 12 months is minus $0.47. Up until recently, they have been paying out dividends of $0.39, so clearly something didn’t fit, so the dividend had to go. Not a terribly strong balance sheet. If it gets down to $1.84, he would probably take a swing at this one, but with his heart in his hand.
This company has really turned the corner. Likes the stock, but it is too small for him. He gets participation through Emera (EMA-T), which is a big shareholder. They are doing the right kind of things, playing the niche markets and the renewables. 9.4% yield is sustainable as the company grows into it.
Debentures? He thinks this company will likely survive. Have a tremendous debt load. The debentures traded below par for good reason. There is a lot of risk out there. Doesn’t know if they have been well-managed in the past few years. Right now they are trying to work their way out of their problems. If you are looking to buy in, debentures would be the route to go. Not on his Watchlist.
Sold his holdings, but has been buying their convertible bonds. They are trying to get themselves sold. Have money in the bank. There is a lot of uncertainty as to where management is taking the company. 9.6% yield, but this might get cut. Have a convertible bond that is maturing in 2019, which he thinks is just perfect.
Atlantic Power Corp. is a Canadian stock, trading under the symbol ATP-T on the Toronto Stock Exchange (ATP-CT). It is usually referred to as TSX:ATP or ATP-T
In the last year, there was no coverage of Atlantic Power Corp. published on Stockchase.
Atlantic Power Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Atlantic Power Corp..
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0 stock analysts on Stockchase covered Atlantic Power Corp. In the last year. It is a trending stock that is worth watching.
On 2021-05-17, Atlantic Power Corp. (ATP-T) stock closed at a price of $3.61.
They generate electivity and sell it. As we move in this direction this company will have a foothold and niche. It is a capital intensive business and interest rates rising will be a problem.