Good recommendation on Fool.ca 2018-10-10 AltaGas Ltd. (TSX:ALA)
With a 10.5% yield and continuing concerns regarding its debt levels and dividend payments, this undervalued dividend stock has had a very rough year. AltaGas stock is now trading almost 30% lower than it was a year ago.
But is this justified, and what is priced into the stock already?
Well, AltaGas has taken steps to address these issues, such as selling off assets to pay off debt and making select investments, such as the WGL acquisition, so AltaGas is ensuring its future health.
Longer term, WGL’s high-quality assets and market position will bring AltaGas many growth opportunities as well as significant earnings and cash flow accretion.
Also, bear in mind, AltaGas still an energy infrastructure company and, by its very nature, has a relatively predictable stream of cash flows.
Reference :
https://www.fool.ca/2018/10/10/altagas-ltd-tsxala-and-cineplex-inc-tsxcgx-2-stocks-to-buy-on-weakness-for-massive-returns/