PZA Quite Impressed
I haven't been in PZA very long. I first got in on the dip in January but added recently as I did more research. I wasn't looking for a 10 bagger here. Just a stable company with a good dividend I could count on. But the more I read the more impressed I became. For example when PZA went from a Trust Company to a Corporation, in late 2011, the stock closed at $8. But less than 5 years later they closed yesterday at $13.83. That is an appreciation on this stock price by over 73% yet still pays a 6% Dividend. That is impressive! What is equally impressive is that they have also increased this Dividend 6 times in those 5 year. This stock is not without risk however, as they still have 10% business in Alberta and a slumping economy their. But they have also proved recently that they have been able to weather this storm also, from there Ontario Sales, and adding to SSSG. When Alberta does come back, and it will like it has several times in the past, this will just add huge growth to this company. No! It is not going to be a 10 bagger, but this safe 6% sustainable dividend and this future stock price increase is sure a lot better than leaving your money in the bank and collecting 2%, which doesn't even keep up with inflation.