TSX:SRV.UN - Post by User
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flamingogoldon Jun 01, 2021 4:48pm
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RE:RE:RE:RE:RE:RE:RE:RE:RE:In what world…
RE:RE:RE:RE:RE:RE:RE:RE:RE:In what world…BJ, since you mentioned it, the split share scene are an active trade of mine. High risk, high reward, not for everyone for sure. DGS has been my biggest winner of all. Owned it coming out of the financial crises when rates crashed and held it up until 2019 as fiscal policy tightened.
Have to admit, my timing was really good on it. Rebought during the storm last year and now collect a 33% tax free distribution since it's all inside a TFSA. I also own some DFN which have paid a steady double digit distribution for over a decade aside from a few missed months during covid. Catch them cheap and they can reward for years.
BlueJay2020 wrote: Well, I'll take that as a compliment! I only started self-investing in 2016, so I didn't get hands-on in 2008/9. I guess being a retired CA helps - I can find my way round IFRS statements no problem and seen a lot of businesses in my time.
You're right to caution about the risk profile. Other than SRV, I've been pretty cautious up to now, as I've indicated.. Other than dabbling in a few split share stocks (like our friend Flamingo) all my other investments are typical blue chip dividend stocks and REITs, and so it's really just SRV to keep a close eye on now.
My personal view is that we will see another bump to SP when a clearer picture emerges of what the distributions are going to look like. I highly doubt I will be keeping all my units until we get to $16!
Robsopinion wrote: I'm honestly shocked that this was your first time crisis investing, you seem like a very seasoned investor.
becareful with your risk profile would be my only advice. I'm not sure what you are working with, but on a million dollar portfolio and the units you say you hold this would be about a 12% weighting. In the past, I would have said Sir was a nice, steady, relatively stable and safe investment. Now I would say it is speculative. The risk is far from
gone on this and all hospitality stocks to be honest.
dislosure: I have become more aware and even concerned lately with its weighting in my portfolios, but man it has been a ride!