Bullboard - Stock Discussion Forum Alaris Equity Partners Income 5 50 convertible unsecured subordinated Debentures T.AD.DB.A

Primary Symbol: T.AD.DB Alternate Symbol(s): T.AD.UN | ADLRF

Alaris Equity Partners Income Trust (the Trust) is a Canada-based private equity company. The Trust, through its subsidiaries, provides alternative financing to private companies. The Trust’s operations consist primarily of investments in private operating entities. The principal objective of the Trust is to generate stable and predictable cash flows for payment of distributions to unitholders... see more

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TSX:AD.DB - Post Discussion

Alaris Equity Partners Income 5 50 convertible unsecured subordinated Debentures > Desjardins

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Post by retiredcf on Oct 19, 2023 9:59am

Desjardins

Previewing its Nov. 8 earnings release, Desjardins Securities’ Gary Ho cut his Alaris Equity Partners Income Trust target to $19.50 from $21, reiterating a “buy” rating. The average is $20.96.

“We expect 3Q to be slightly ahead of guidance given its TSY [The Shipyard LLC] deployment in August. ECR remains healthy (1.6 times) and the stronger US$ should benefit AD’s BVPU and 4Q outlook. While we trimmed our target ... on lower multiples given the contraction in peer valuation and the higher rate environment, we maintain our Buy rating and recognize that the recent check-back in the share price presents a buying opportunity (while clipping 10-per-cent yield to wait).”

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