RE:2021 Yeah the stars are certainly aligning. The company is still under the radar imo. Just got my nice quarterly and juicy and increasing dividend once again. Keep using those DRIP's (Dividend Reinvestments) and you will see your quarterly dividends get larger and larger. Even with a stable .72 annual dividend your dividend payments still go up because of increased number of shares held.
Wait until CI starts increasing the quarterly dividend (2022 imo), the number of shares held get larger as do the payouts you see in your statements. Keep adding shares instead of taking the payout. This results in an overall lower avg cost per share while building your wealth.
Stick with a common sense and basic approach to investing. The market I believe is seeing a switch moving from the overvalued and overhyped sectors and back to the undervalued and unloved value stocks.
CI is one of those dull and boring stocks that many don't care much for. Once the sentiment changes they will come back. The analysts pretty much all have a target price of anywhere between $23 to $26 or so and the upgrades continue to come in. They are seeing now what I have been preaching 12 months ago. The stock was undervalued based on all these strategic aquisitions.
I will stick to my analysis that we see a share price anywhere between $25 to $30 by end of this year.
Been holding this one for $20 years and no intention of selling. You get paid over a 3 percent yield on the dividends while getting the added boost on an undervalued share price. Still too many people out there who haven't figured out a safe way to play the markets in this day and age of market manipulation, bashing, shorting, and overvalued stock markets in general.
The insiders as well as I know a deeply discounted and undervalued stock when we see one. This is way too easy for me!
Ron