TSX:CHE.DB.E - Post by User
Post by
StormyDon Aug 14, 2019 1:25pm
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Post# 30027958
Initial BMO Capital Markets report
Initial BMO Capital Markets report Initial BMO Capital Markets report:
~150 Months and Counting; Bear Thesis of Dividend Cut Doesn't Seem Rational
Q2 beat though 5-6% lowered FY EBITDA guidance, the ~13%
dividend yield (~67% payout) continues to look safe with CHE past its operational
missteps. We expect the stock to recover further as the bear thesis expecting a
dividend cut doesn't seem rational, and stocks don't trade at ~13% yields forever.
Rating: Outperform
Price: Aug-13 $9.52
Target: $13.50
Total Rtn: 54%
Will update when post CC final report available.
Cheers!