TSX:CSE.PR.A - Post by User
Post by
anon314on Jun 05, 2012 5:50pm
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RBC has Target of $5
RBC has Target of $5 From RBC Dominion Securities' Morning arket Commentaries:
Capstone Infrastructure Corp. (CSE) - $3.92 - Dividend Cut in Line with Our Expectation
Sector Perform, Above Average Risk, Price Target: $5.00
CSE announced the recapitalization of its hydro facilities and reduced its dividend to
.30/share (from
.66/share) annualized. Although management has cut its dividend for the second time within three years, RBC CM believes there is potential upside in the share price once the Cardinal facility is recontracted (expected by the end of 2012), as cash flow visibility improves.