TSX:NWH.DB.G - Post by User
Comment by
SargeXon May 02, 2023 12:35pm
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Post# 35425364
RE:RE:10% yield
RE:RE:10% yieldAs I've mentioned for quite a while, I think they will cut the divy sometime this year. They have way too much floating rate debt. I also think management bought/made joint venture deals way too often.
Also as mentioned, my wife & I sold all our 15,000 shares starting back in mid-Nov 2022 at $11.25 when the red flags were popping up all over the place.
Win some, lose some but that appears to be a good move especially because we used the dough on stocks that have actually gone up since then (like BCE,T, EMA,AQN,etc)
Stratocheif wrote: SNAKEYBOY wrote: You are buying this assuming the dividend *Could be cut and if so its a modest 30% cut which would still yield 7%. Best case it is not cut and you lock in a 10% yield and 20-50% appreciation
Yes but you know when a company cuts the divi, what happens next....down goes the sp. I'm hoping they don't cut but as they say, hope is not a strategy. I've already cut my position in half and waiting to see what happens because is there risk here? Yes I believe there is. It's a shame, good companies like this caught up in the interest hysteria but it is what it is