CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

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CANEXUS CORP 6.5 PCT DEBS > Time to buy more?

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Comment by Khersonon Jan 04, 2015 1:20am

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Post# 23283371

RE:RE:Time to buy more?

Kherson wrote:

00STS wrote: After the run up and collapse yesterday I am tempted to add to my already overweight position in this dog if it goes a little lower. They seem to be confident that the dividend is sustainable but that is probably based on the sale of Nato. Even without the sale of Nato the assets are valued much higher than the current price so, eventually, the share price should catch up to the value even if the dividend is reduced / suspended to pay off some debt IMHO.
I see Canexus as an opportunity for at least a 30% - 40% rebound which is hard to find in the current market.
BTW is there a reason that Nawar no longer posts here? He did say he was reducing his position - is he all out now?

Good question, where is Nawar? Maybe the 517% payout ratio has him spooked?
Kherson