GREY:ALARF - Post by User
Comment by
Capharnaumon Mar 06, 2020 12:46pm
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Post# 30776117
RE:RE:RE:Share price back to 2011 levels
RE:RE:RE:Share price back to 2011 levelsCouldn't resist buying a bit back. Juicy 11% dividend.
The Sandbox sale wasn't good but didn't warrant a reduction in market cap of $180M.
Payout at 93% with dry powder to make further investments should be okay. Discount of 15% to book value provides a bit of a cushion for problematic cases (ccComm).
Hard to say if it's a good buy as the market is clearly on sale right now. Tons of great opportunities available. Heck, you can get an easy dividend of 5.9% that will keep growing in time from CIBC.