Post by
NobleHouse on Mar 25, 2024 9:46pm
Mouserman
Hello ,Mouserman , on a Financial ETF , 60% in the Best Banks and system in the world and paying today an 18.39 dividend compared with the underlying holdings averaging 4.3 % , then any discount to NAV is absolutely ludicrous.Not only should FTN be trading at NAV but a minimum 10% premium would seem warranted. OH , well why those who don't understand Splits or listened to others to get out , the rest of us will just sit back , exhibit some patience , collect that 18.39 div , hopefully reinvested in more cheap shares and wait till the market and investors come to their senses.I am not going to use the Ralph Kramden expression , Too the Moon Alice but l see a much higher valuation in the Cards.With a cut in interest rates , then sooner than later and an early election to oust one of the worst PMs to grace Canada , then there are clear skies and bright stars ahead.