TSE:EIT.UN

13.76
0.05 (0.36%) 1d
0

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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The experts have mixed opinions on Canoe EIT Income Fund. While some appreciate its potential as a good vehicle for income, others are concerned about the nature of the fund causing significant price gyrations. The consensus seems to be that it is a mixed bag, with both pros and cons to consider. Overall, it may be a good option for income but with potential risks due to pricing details.

Consensus
Mixed
Valuation
Fair Value
Similar
XYZ Company, XYZ.T
WEAK BUY

Does not like closed end funds due to pricing details. Nature of fund can cause big price gyrations. Is a good vehicle for income otherwise. 

investment companies / funds
HOLD
Good way to allocate capital. It's fine. Funds are not really his style. You can continue to hold it.
investment companies / funds
COMMENT
Not a fan of closed fund since the underlying securities will deviate from the net asset value of the fund. There are big dislocations. Underlying holdings are good quality companies. On a weighted basis, the yield is 3%, but the fund is paying 8%. This comes from the capital gains. It is not pure yield.
investment companies / funds
Unspecified
Are dividends safe? He can't see the underlying companies from his terminal and apologizes for that. If good underlying companies, dividends are relatively safe. If engineering of distribution yields, he would be concerned.
investment companies / funds
COMMENT
Pays an 11% dividend yield. How are they paying that? They probably hold a lot of Canadian infrastructure but those stocks pay only 3-4%. The US component is also dragging down that yield. There's a mismatch here in holdings vs. the 11% yield. The total return will probably be 5-7%, but the high yield will limit share performance. This is a warning. Look at their top holdings and see how you feel about that.
investment companies / funds
COMMENT

It's a preferred share ETF. It provides income. It's a hybrid between a stock and a bond. This gives you a good position in a Canadian taxable account.

investment companies / funds
DON'T BUY
He is quite indifferent to this one currently. Looks fairly extended from his point of view. Also, in another year or so, income trusts will have to convert and there could be some concerted selling when they cut distributions.
investment companies / funds
COMMENT
Hasn’t looked at this for a while but it has come off considerably. Vulnerable to the price slide of the underlying commodity. Appropriately priced and he would need a reason for it to go up.
investment companies / funds
BUY
A diversified trust mainly made up of income funds. Do a reasonably good job. A good, conservative, diversified way to play the income game.
investment companies / funds
WAIT
(Market Call Minute.) Likes it but there are others he likes better.
investment companies / funds
SELL
(Market Call Minute.) You have to be very careful with this one. A lot of other stocks out there so he would sell and move to others.
investment companies / funds
WEAK BUY
A diversified trust. Large exposure to REITs and to oil and gas. These things typically trade at a discount to their net asset value.
investment companies / funds
SELL
The management company was recently sold. It has to re-invent itself.
investment companies / funds
COMMENT
Single largest closed-end fund, which invests predominately in income trusts. Trading at a significant discount to its NAV. Distribution they pay is probably more than they earn internally so there is a potential of a distribution cut.
investment companies / funds
DON'T BUY
A diversified portfolio of income, royalty and real estate investment trusts. Are you better with this is a package or buying the individual parts on your own? He would prefer the latter route.
investment companies / funds
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Canoe EIT Income Fund(EIT.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Canoe EIT Income Fund 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.

Canoe EIT Income Fund(EIT.UN-T) Frequently Asked Questions

What is Canoe EIT Income Fund stock symbol?

Canoe EIT Income Fund is a Canadian stock, trading under the symbol EIT.UN-T on the Toronto Stock Exchange (EIT.UN-CT). It is usually referred to as TSX:EIT.UN or EIT.UN-T

Is Canoe EIT Income Fund a buy or a sell?

In the last year, 1 stock analyst published opinions about EIT.UN-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canoe EIT Income Fund.

Is Canoe EIT Income Fund a good investment or a top pick?

Canoe EIT Income Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for Canoe EIT Income Fund.

Why is Canoe EIT Income Fund 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 Canoe EIT Income Fund worth watching?

1 stock analyst on Stockchase covered Canoe EIT Income Fund In the last year. It is a trending stock that is worth watching.

What is Canoe EIT Income Fund stock price?

On 2024-04-12, Canoe EIT Income Fund (EIT.UN-T) stock closed at a price of $13.76.