OTCPK:CMLEF - Post by User
Post by
slimjim11on Aug 28, 2017 9:26am
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Post# 26627376
It's all about the macroeconomy
It's all about the macroeconomyCUF has cut their dividend to $0.095 per month to make it obviously sustainable. They are concentrating the portfolio in the geographic region where they have a language moat and a strong history, and selling off the out-of-province assets in Western Canada. Management are clearly focused on driving value now the distraction of the bond rating agencies is behind them. Going forward, it will be all about the macroeconomics, and sound execution. As Houston knows, a rising tide will float ALL boats, and the economic tides have turned in favour of Quebec.
Here's what you need to read this morning. It's a long and detailed article documenting the strength of Quebec's economy. Cominar is ideally and dominantly positioned for success, in a language and culturally moat-protected geography.
https://www.theglobeandmail.com/report-on-business/economy/quebec-economy-growth-jobs/article36091740/
GLTA