ALA Love?
I think ALA is very attractive right now and just bought more. I realize the stock is out-of-favour and it may take a while before those market movers with deeper pockets feel the "ALA Love" too.
IMO, this stock is the deal of the season. On sale for now, with a great yield. Comparing it to other regular dividend payers, this one should be trading closer to the 8% - 8.5% yield of its TSX peers in this risk profile. For this reason alone, I see upside taking us at least to $27.00 as price-dividend ratio stabilizes. A great opportunity like this for both capital gains and dividends is hard to come by.
Still we could be stuck here at this price for a while longer. Truth is, I hope so. For those of us wishing to accumulate more, wish us luck: if the price doesn't pop beforehand I'll be back buying again next week.