TSX:KMP.UN - Post by User
Post by
DanielDardenon Jul 08, 2023 11:01am
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Post# 35532084
A Lesson From 2008
A Lesson From 2008 For perspective, KMP was purchased initially @$4.00 in Dec./08 while most were fretting about high interest rates and their impact on REITS. Most could not dump fast enough as the pundits were preaching doom. With a constant DRIP at a 4% discount, the ACB has risen to ~$6 while the original investment has quadrupled.
The morale simply is that that when the fundamentals are sound, you trust management and the Board, you buy regardless of the noise. You may not be rewarded immediately, but in most cases, you will be rewarded because others will buy higher when they are more comfortable.