Post by
CountryBoy69 on Jul 31, 2023 2:34pm
A down Day
I love FTN and am up substantially in the 9 months of owning , but one negative l see , is their allocation % to US Banks. It's far to much , their divs are crop their reputation has never recovered since 2009 and their SP performance is substandard, all different from our Canadian Stalwarts. So how long does Quadravest want to give these underperforming laggards before they reduce their exposure at the expense of the NAV and shareholders. To all intent and purposes their buy and hold rather than acting proactively with the market is dismal and on the Heads of Quadravest and only Quadravest. If Fundamentals and market sentiment change you can always buy back in , it's not that big a deal unless you prefer a do nothing , lazy approach.
Comment by
rixpix on Jul 31, 2023 7:58pm
If you don't like what FTN is holding and want only CAN banks sell it and buy BK.. I own both and love the juicy monthly dividends. GL.
Comment by
navgod on Aug 01, 2023 10:17am
Things must be tough out there in the country or maybe the 69 is the problem. The only reasonable interpretation on your orginal mistive was the one rixpix made. Your first statmernt lack all the qualifiers-- wish,somewhat, present time,better, maybe,and somewhat more- of the second version. LOL
Comment by
CountryBoy69 on Aug 01, 2023 3:01pm
This post has been removed in accordance with Community Policy
Comment by
rixpix on Aug 02, 2023 7:42am
Country boy I didn't invite anyone and I didn't ask for anyone's opinion either. but everyone is entitled to their own opinion, and that's something you just can't accept. You made a negative comment about FTN's holdings, I suggested an alternative and you attacked. That's all I have to say. I'm done with this topic. Long on FTN and BK. GL
Comment by
CountryBoy69 on Aug 02, 2023 11:44am
I am done as well , but the one and only thing we have in common is we are both long on FTN and we both want the stock and shareholders to profit from owning it.
Comment by
TheeRook on Aug 02, 2023 5:23pm
If you want more Canadian Banks in your overall portfolio instead of waiting for Quadravest to rebalance. Sell 10% of your FTN and buy 10% BK or what ever your prefer ed weighting is.
Comment by
navgod on Aug 02, 2023 6:59pm
Country Boy don't want no help-advise-or info. He only wants to whine despite his obvious plea for help ps. no one invited me to comment-- don't need one.
Comment by
CraigAndrews on Aug 04, 2023 4:57pm
This post has been removed in accordance with Community Policy