TSX:PRV.DB - Post by User
Comment by
Shirtlessnomoreon Aug 12, 2022 10:08am
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Post# 34891151
RE:RE:This is getting alot of frustrated comments
RE:RE:This is getting alot of frustrated comments Been about an 8 cent average uptick per week since the market collapse early in june, this represents approximately a 9% cap appreciation coupled with roughly a 7% dividend yeild, thusly suggesting by mid November at that pace we could see $7.50 again with ease, nothing to do in the meantime but shelve it and collect. Cheers! ....
Amadeus2011 wrote: Absolutely correct. This is a not a stock for day trading, nor is it ever going to be a quick double .
This is a "steady as she goes" kind of stock that is realtively safe and stable. With the exception of a knee jerk dip at the start of 2020, the 5 year chart shows that this stock generally always trades right about where it is (perhaps a tad closer to $7 but not much).
So if you're looking for a quick trade, take the advice of Shirtless and look elsewhere.
This is more like a high return savings account IMO.