RE:RE:1 1/5 cent dividend = double the gains in today's action?@LiquidOctupusV2: Yes, WCP trades and a premium to CPG in terms of valuation and it will likely continue to do so in the near future, given its track record comparend to CPG's. As you can witness from this board, there are a lot of bitter bagholders who lost significant amounts of money on this stock (WCP shareholders also lost money, but much less so). Now these same bitter bagholders are trying to pick up pennies by engaging in intraday trading in CPG in an effort to make up for their losses in the dollars.
In terms of premium valuations, companies do change their proverbial spots (whether their valuation increases or decreases). A good example of this would be to look at US banks. At one point (early 2010s and before), the go to bank in the US was Wells Fargo, which traded at a significant premium to the likes of Citi and Bank of America. However, the moment Wells Fargo had a couple of missteps, they not only lost their premium, but became the scorn of the industry where it remains today.
This suggests to me that WCP has to continue to execute with almost perfection to maintain its premium valuation, while if CPG has a couple of decent quarters it is much more likely to be re-rated in terms of trading multiples. For this reason, among several others, I prefer CPG over WCP. Best of luck.