Power Corporation of Canada T.POW

Power Corporation

[Schussing56]

Not sure if I should continue buying Power Corporation (t.pow) at these prices? I think, since the war started in Ukraine, Power Corp.'s business in Russia was irreparably damaged. Now, the current inflationary environment seems to be having a negative effect on their Wealthsimple business. Power Corp. is strong enough with their other financial investment and insurance businesses that, they probably shouldn't be too badly off (ie. probably not much further devaluation of the share price and, the dividend should be safe) but it's starting to look like there won't be much appreciation either, at least for the foreseeable future. GLTA!

[Schussing56]

National Bank of Canada on Thursday cut Power Corp. of Canada (POW.TO)'s price target to $38.00 from $39.00 with a sector perform rating. The reduced priced target reflects Power Corp.'s adjusted EPS of $0.63 in the third quarter that missed the Street estimate of $0.89 and the bank's forecast of $1.03. The bank said the miss was driven by the company's weaker contributions