TSX:VSN.DB.B - Post by User
Comment by
righand2on Mar 14, 2016 10:01am
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Post# 24655004
RE:overreaction yes but not unexpected
RE:overreaction yes but not unexpecteduograd wrote:
Reality is markets always like to be divas when things like this happen and go to the extreme.
I picked up more. Hard to beat this dividend and in due course this too shall pass and we will trade based on our current product which should be in the area of $9.00.
selloff in oil this morning is not exactly helping but c'est la vie. markets go up, markets go down.
I look at it this way. If VSN cut their dividend to be in line with their peers, they would pay out about 65 cents. So at your $9 target, that would be a yield of 7.2%, which wouldn't be too far off considering their growth profile going forward. So I tend to agree with your thoughts, and that is why I bought a few this morning. I had ZERO faith in Jordan Cove, so for me it was a non-event.