RE:RE:RE:RE:KPC AcquisitionHey B2T
Nice to hear from you. All is going great over this way. I hope all is well with you as well.
My wife & I currently have an average yiled for our portfoilio of 5.54%. I prefer over 4.5% (except banks) but am actually fine down to 3%. Over the last year or two, I have decided to sell any stock if the yield gets below 3% so even with a 50% diivy cut, AQN would still be qualify as a hold..
I really do think this twit CEO is going to cut the divy by 50% and then the stock price may drop down to $10. I still don't think this is as bad as the ALA story with WGL but iKPC is a huge mistake.
I doubt AQN wil get back to the +$22 level in the next 5+ years but I could see getting back to $16-17 in the next couple years.
Take her easy
Sarge
born2trade wrote: Thanks Sarge . Hope you are keeping well .
It is good to know you are not throwing your towel on this one yet. I am thinking to initiate a position and it looks like a falling knife today. Perhaps market is already pricing 50% dividend cut . What is your outlook for stock price because many retirees will not be happy own it at 4% yeild when inflation is over 7% and GIC is yielding over 5% ?
As always , I appreciate your perspective.