TSX:STB.DB.A - Post by User
Comment by
PowerPlay47on Sep 12, 2015 11:14am
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Post# 24098747
RE:Been Watching for a few Years
RE:Been Watching for a few YearsI should have made a better note of the 15th, as I thought it was Monday morning.
Denis did say a little over a month ago that the dividend was safe. Denis did say a little over a month ago that STB will benefit from lower gas prices this upcoming school year. As others have stated, it looks like CF is improving and Denis likes to portray STB as a growth stock. A little bit of an oxymoron, growth company paying 10% dividend but yeah, downside risk is what could be said on Tuesday. Which could also mean a lot of upside risk.
Probably get my head handed to me Tuesday. Then will have to decide if I double down.
Big cap royal bank is off 15% from 52 week high. Small cap STB off 30%. Market is like this everywhere. Certainly takes balls or stupidity to buy here.
I think if the dividend gets chopped 25% Denis can use this savings to gow the company some more. That would be a pleasant surprise. Its a 24B market and growing to the benefit of the private sector.