GREY:ALARF - Post by User
Comment by
graffiti99on Jun 28, 2019 9:28pm
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Post# 29875439
RE:RE:Amur Financial Deal - I don’t like it at all
RE:RE:Amur Financial Deal - I don’t like it at alldigitel wrote: "Canadians are amongst the most leveraged in the world. And now Alaris is supporting a 2nd rate heloc and mortgage lender???"
And with interest rates sliding the debt is more and more managable and with lower interest rates and QE2 asset(home) prices could go through the roof.
All it takes is a trade deal with trump and China and the economy is off to the races again with rate hikes following. But really, who knows...forecasting interest rates is is pretty impossible. I like Alaris but I worry about their stable of investments in a downturn. Alaris has been hit with investments that got tied up and took a long time to work out. Only one write off I think but Alaris paid dearly with the depressed stock price and time in the penalty box. The market focuses on bad news with them. The simple truth to me is that Steve King is good and Alaris has the potential to be an awesome investment, big cash generator with their monthly dividend. But to me they have to diversify a bit more and they need not only companies that have good coverage ratios today, but strong competitive advantages within their industries so that it creates that nice long term renewal and scalable compounding. Planet Fitness was outstanding for them. Canadian real estate lending? Maybe, maybe not but theylll get some others shortly I’m sure