TSE:EIT.UN
11.34
0.02
(0.18%)
Analysis and Opinions about EIT.UN-T
Signal
Opinion
Expert
COMMENT
COMMENT
March 23, 2021
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.
Show full opinionHide full opinion
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.
COMMENT
COMMENT
June 4, 2018
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.
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.
DON'T BUY
DON'T BUY
August 13, 2009
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.
Show full opinionHide full opinionHe 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.
COMMENT
COMMENT
July 8, 2009
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.
Show full opinionHide full opinionHasn’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.
BUY
BUY
May 20, 2009
A diversified trust mainly made up of income funds. Do a reasonably good job. A good, conservative, diversified way to play the income game.
Show full opinionHide full opinionA diversified trust mainly made up of income funds. Do a reasonably good job. A good, conservative, diversified way to play the income game.
WAIT
WAIT
March 13, 2009
(Market Call Minute.) Likes it but there are others he likes better.
Show full opinionHide full opinion(Market Call Minute.) Likes it but there are others he likes better.
SELL
SELL
January 5, 2009
(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.
Show full opinionHide full opinion(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.
WEAK BUY
WEAK BUY
November 10, 2008
A diversified trust. Large exposure to REITs and to oil and gas. These things typically trade at a discount to their net asset value.
Show full opinionHide full opinionA diversified trust. Large exposure to REITs and to oil and gas. These things typically trade at a discount to their net asset value.
SELL
SELL
October 1, 2008
The management company was recently sold. It has to re-invent itself.
Show full opinionHide full opinionThe management company was recently sold. It has to re-invent itself.
COMMENT
COMMENT
August 7, 2008
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.
Show full opinionHide full opinionSingle 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.
DON'T BUY
DON'T BUY
July 18, 2006
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.
Show full opinionHide full opinionA 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.
BUY
BUY
March 23, 2006
Probably selling at a fairly reasonable level right now. Debt is not significant in this company.
Show full opinionHide full opinionProbably selling at a fairly reasonable level right now. Debt is not significant in this company.
PAST TOP PICK
PAST TOP PICK
November 17, 2005
(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.
Show full opinionHide full opinion(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.
TOP PICK
TOP PICK
July 26, 2005
Not an income trust guy, but has been watching investors buy non-diversified cyclical industries accepting a 4/5% yield. This one has no analyst coverage yet it's $1.5 billion. 10% yield with a diversified portfolio.
Show full opinionHide full opinionNot an income trust guy, but has been watching investors buy non-diversified cyclical industries accepting a 4/5% yield. This one has no analyst coverage yet it's $1.5 billion. 10% yield with a diversified portfolio.
BUY
BUY
July 11, 2005
Like all of them, it's at the top of it's range right now. Just made an arrangement with Avenir (AVF.UN-T) to sell all their joint venture interests. Doesn't expect you can do too badly with it right now. Has a sound group of assets.
Show full opinionHide full opinionLike all of them, it's at the top of it's range right now. Just made an arrangement with Avenir (AVF.UN-T) to sell all their joint venture interests. Doesn't expect you can do too badly with it right now. Has a sound group of assets.
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
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 Ryan Bushell on 2021-03-23. 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 2021-04-09, Canoe EIT Income Fund (EIT.UN-T) stock closed at a price of $11.34.
