(A Top Pick June 2/15. Down 7.35%.) Generally doesn’t like closed-end funds, but likes this because they are always buying back stock. Also, have some assets that have some fairly explosive upside. 2.5% dividend yield.
A closed-end fund run by good management. Management buys back its stock, which very few closed-end funds do. It owns some interesting assets, notably the Canadian Securities Exchange, which is gaining market share against the Venture Exchange. Also, owns an exchange in India which has been threatening to go public for years. This could finally happen with the new government in place. Trading at a big discount to its NAV. Not very liquid, so don’t buy at Market, but put in bids and try to get them filled. Yield of 2.36%.
Urbana Corp. is a Canadian stock, trading under the symbol URB-T on the Toronto Stock Exchange (URB-CT). It is usually referred to as TSX:URB or URB-T
In the last year, there was no coverage of Urbana Corp. published on Stockchase.
Urbana Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Urbana Corp..
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0 stock analysts on Stockchase covered Urbana Corp. In the last year. It is a trending stock that is worth watching.
On 2024-10-11, Urbana Corp. (URB-T) stock closed at a price of $5.23.
URB invests in private equity and debt and holds mining interests in Quebec. The mining interests are carried at zero valuation in their books. There are new investors in the area, so there could be good upside from this asset. The shares trade at 2x earnings and under book value, while supporting a 28% return on investment. We recommend setting a stop-loss at $4.50, looking to achieve $6.50 -- upside potential over 28%. Yield 2.3%