TSX:HOT.DB.V - Post by User
Comment by
borne2runon Feb 29, 2020 9:09am
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Post# 30750633
RE:RE:RE:RE:RE:RE:Corona could be beneficial
RE:RE:RE:RE:RE:RE:Corona could be beneficialnot bashing, just stating facts and asking questions.
Compared to the sector, this one week drop in price was not out of the ordinary.
However, the sector and entire market did make an extreme move.
Late January, AHIP was at the upper range of a long term volatility band.
Yesterday, it closed at the lower band.
Technically, the stock price is due for a bounce, maybe as much as 10% before earnings.
I continue to maintain that there are better alternatives for US denominated income.
One of the companies I mentioned last summer (Capital Product Partners) just raised their distrubution by 10%. Its yield is now above 13% with a payout ratio under 75%. Although CPLP does not actually operate ships (it is more like a lease financier), it has been hammered along side all other shipping related names.