RE:Why pay full price? Buy when on sale! I agree.
Although I'm downon TNT about $85,000 CAD accross 2 TFSA accounts with this price drop, but I'm not worried about TNT recovering over the next 2 to 5 years.
Have a 40+% SP dive recover in a year is very optimistic. It'd be great if I was was in my assessment that it should be 2 to 5 years to recover to pre-cut levels.
Keep in mind, if TNT does not increase the DIV during this time, that 9% will diminish as the price increases. That's a fixed DIV, not a % based one.
If they don't attract new investor money, you might also see the DIV take another hari-cut since most other UN's hover around the 5% mark.
To overcome the recent price dive and the DIV cut, I'm investing my monthly payouts in INO.UN for the moment, just to keep the investments in UN holdings.
GTLA