TSX:NWH.DB.G - Post by User
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Possibleidiot01on Sep 25, 2023 7:38pm
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Post# 35653571
Trevor Rose's Insights - DON'T BUY
Trevor Rose's Insights - DON'T BUY DON'T BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research The distribution cut was needed, but of course was fairly large (55%). The asset sales are a good start but challenges remain. The strategic review is only seven weeks old, but reading between the lines it sounds like there has not been huge interest yet. It is hard to endorse this right now. With higher rates and lower assets (from sales), growth will be hard to come by. We might be reluctant to sell it on the first trading day of this news, but we certainly think it can be 'targetted' for elimination from an investor's portfolio and used as a source of cash for other ideas. The stock will likely be in the penalty box for some time for multiple disappointments over the past year, with a business that is supposed to be more reliable and more predictable. We would not see solvency as an issue but it is just hard to like right now.