RE:ALA vs AQNI really like that you share the facts and share useful information. I certainly have benefited from your posts . Couple of points worth considering :
- You are absolutely correct based on your experience that AQN returned 3X over last decade compared to ALA that yielded -ve return
- Did you consider the dividend paid while calculating return ? ALA before cutting the dividend was paying over 8%
- Others on this board may have different experience and they may also be correct in saying ALA return is higher than AQN . For example - ALA dropped under $9 per share during March lows and those who picked up shares at that time locked in over 10% yield and also price almost doubled since then
- Historical returns may not be replicated in future. Market is forward looking. AQN has been excellent holding for last decade but there is no assurance that it would return 3x over next decade. ALA on other hand had its own problems and it may turn out to be better play in future.
One thing we can probably agree that ALA is more volatite (higher risk/reward) stock than AQN and just look at Beta for these stocks (ALA 1.66 and AQN 0.34). ALA suits more to high risk takers.
SargeX wrote: I find it quite interesting that there's a number of pumpers that argue that ALA is a better holding than AQN. I really think that's quite a JOKE!!.