He debated having it a Top Pick today. Fundamental progress is slowing here a bit but over well it is a great, well managed company with good dividend policy.
He owns the holding company. Thinks ultimately the growth in earnings in ENB-T is worth the lower yield. 5.6% yield but less capital appreciation.
He has no energy services except for Shaw Core. He looks for long term dividend outlook that extends beyond 5 years and cannot find a company in that sector. But they are due for some pretty good results in that sector over the next couple of years. Be ready for volatility.
Because of scandal he is not ready to wade into it at this point. The business that they are in requires a bit of this finessing of governments. He thinks they would have been okay if they had hiked the dividend when the news hit.
8.5% dividend. He would say it represents a note of caution. Thinks they will be able to ultimately maintain their dividend but it will be close. Their old coal fired generation will be retired and they will be forced to take on new methods of generation. Would not accumulate but hold for the dividend. Watch it with a negative bias.
8.5% dividend. He would say it represents a note of caution. Thinks they will be able to ultimately maintain their dividend but it will be close. Their old coal fired generation will be retired and they will be forced to take on new methods of generation. Would not accumulate but hold for the dividend. Watch it with a negative bias.
He is very positive on the banks. Thinks it will continue to increase the dividend and will experience increased capital growth.
There are no foreign bidders in the spectrum auction. They haven`t moved back as much because of interest rates. The fundamentals for telecom stocks are quite good. If you can buy them cheaper here it is a good opportunity.