Today, Michael Sprung commented about whether CHE.UN-T, WJX-T, ENB-T, BLDP-T, AD.UN-T, SIA-T, EXE-T, CSH.UN-T, WCP-T, BCE-T, ENB-T, TRP-T, PPL-T, SOBO-N, CAE-T, ACO.X-T, NGT-T, BNS-T, HBM-T, MG-T, LNR-T, TRI-T, CNQ-T, MDA-T, CP-T, CNR-T, ARE-T, STN-T, ATRL-T are stocks to buy or sell.
He got shares from the spinoff, and now has to decide what to do. He hasn't had time to investigate thoroughly. A lot of their business is already contracted going forward, so revenues will be fairly consistent and predictable. Dividend should be stable. Not in a hurry to sell, and might even buy more.
He's in a bit of a conundrum right now given how far it's come down. Yield is now in excess of 10%, which is usually a big warning sign. Dividend is frozen to be able to fund recent US acquisition; first time in a long time they've done that. Company probably loath to cut the dividend; MFC did it, and was in the doghouse for years. If he found a horse with a better total return, he'd switch.
Telecom industry is seeing more competition and fighting for market share. None of the telcos will see much margin expansion in the near term.
Has done fairly well recently, but still thinks there's more that can come from it. Has diversified its investment holdings. Doing better and better. As it gets larger, seems to have more opportunities to make substantial additions to its portfolio. Yield's not what it used to be, but still pretty good and expects increases.
NGT and AEM have overtaken ABX as the monsters in the industry by market cap. Well run. Keeps his exposure in the gold sector to 5% or less. Often a good buffer in troubled times.