TSX:CHE.DB.E - Post by User
Post by
Hich1205on Nov 15, 2023 1:40pm
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Post# 35737360
Overcautious management and a Board not doing their job
Overcautious management and a Board not doing their jobQuarter over quarter the management is providing guidance just to overbeat them once the results are disclosed. It's supposed to be managed as an income fund with high distribution to the unit holders but that's not the case anymore and the Board is just doing what they are best at : sleeping.
The payout is just 20 % and expected to stay below 25 % and the management are stuggling to give the right answer to analysts about the dividende hiding behind the Board's resposnabilities.
I think this is a great business, we may see some challenges in 2024 but nothing that we should be worried about. My only concern is that i invested in an income trust for a steam of revenues but the management just decided that they will manage the business as a corporation and keep low distribution level that is taxable as an income for the unit holders. I guess the management are just being obvercautious to just not have to deal with stress in their job