TSX:NWH.DB.G - Post by User
Comment by
SargeXon Oct 03, 2023 7:41pm
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Post# 35668058
RE:RE:Again
RE:RE:AgainI've been camping and hiking in the boonies for 2.5 weeks so am just catching up a bit.
I see NWH finally did cut their divy as I've been predicting they would. I know there's been lots of doubters on my divy cut comments but I've seen this movie way too many times.
As I posted back on Feb 7 of this year, I'm very happy to have bailed on NWH and for that matter, all REITs. As I've been saying, way too many divy cuts and very rarely divy increases.
Ciao
Sarge
SargeX wrote: As I've been saying for a while now, I think NWH is going to cut their divy some time this year. I had been trimming in increments but decided to sell the last 4000 shares at $10.07 so am now completely out. We managed to squeak out a minor profit of $10.1k, all because of previous divy payments, It certainly hasn't been a good investment for us but at least we didn't lose dough. :-)
I just think they have too much variable rate debt and can't continue for too much longer with a payout ratio over 100%.
Each to his own but I think there's way better places to put the dough.
TheBridge wrote: We're heading back into an adding range again. The sentiment created with the higher rates on the way in the US. IMO, it's not an earthquake so don't panic, but it just adds more time to the recovery.