Buy, Sell or Hold: Canoe EIT Income Fund (EIT.UN-T) — Stock Predictions at Stockchase

TSE:EIT.UN

13.36

0.12 (0.89%) 1d

Showing 1 to 15 of 24 entries

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

BUY

Probably selling at a fairly reasonable level right now. Debt is not significant in this company.

investment companies / funds

PAST TOP PICK

(A Top Pick July 26/05. Down 17%.) Was a conservative (?) pick at the time and was a basket of income trusts and of course income trusts got hit hard. The worst could be over, but this is diversified, so you are not taking as big a hit as you would with one trust.

investment companies / funds

Showing 1 to 15 of 24 entries

Canoe EIT Income Fund(EIT.UN-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 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, there was no coverage of Canoe EIT Income Fund published on Stockchase.

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?

0 stock analysts 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 2022-05-20, Canoe EIT Income Fund (EIT.UN-T) stock closed at a price of $13.36.

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