GREY:WFREF - Post by User
Comment by
Reflecton Mar 06, 2015 2:46pm
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Post# 23498606
RE:RE:Quick comparison to other Canadian small cap high debt
RE:RE:Quick comparison to other Canadian small cap high debtAT this time share buy back would be foolish. At these share prices LRE is a tremedous buy for long term & monies at this time would be most beneficial in addressing the debt & not falling behind with leveraging etc.
LRE is diversified in oil & gas & is not sellling assets to buy back shares in hopes of maintaining an artificial manipulated share price.
To look at how high yielding dividends hurt small & mid tier companies just look at RPL, PWT, LTS (formerly PBN), ATP etc.
If you are after dividen yielding stock my suggestion is to invest in blue chip such as banks or the big oil companies such as suncor etc.