Post by
Rosmorduc on May 05, 2020 3:54pm
Great time to add this stock to portfolio
Close to 8% dividend that they will never cut (unlike the oil and gas companies).
I kicked myself for not buying insurance companies in 2008. Won't kick myself this time. I will buy and tuck it away. Easy double with dividends DRIP in 7 years with higher stock price to boot.
No wonder Warren Buffet's favourite investments are insurance companies...
Comment by
rk67 on May 06, 2020 1:54pm
Having been burned by ALA in the aforementioned oil and gas industry, I'm wondering what you base your optimism on for "never cut" -- did they come out and say this, or is this speculation on your part? At least CIBC's CEO stated, explicitly, that they would not cut their dividend. I'm all for earning 8% -- I just want to be sure it's safe.