RE:RE:RE:Should be trading at least 70$Hey Dil
Nice to hear from you. Spot on with your CPX comments.
I really doubt CPX is going to get to $70 in my life time. That was the "Canadian" poster's weird short term prediction.
I actually generally don't sell unless the current yield gets under 3% and even then, I think about it carefully. There has to be another good option first. Of course, if you are in the accumulation phase, then a higher cutoff certainly makes sense.
Take her easy
Sarge
dileas48s wrote: Hey Sarge,
I'm here too. I think this correction is a product of two things
First there was a technical indicator for a drop to $35.20 about two weeks ago.
Second, CPX put out the press release about the impact of the Texas storm to some of their wind production. I think the market has over done the impact.
Add to this, the general market sentiment seems to be negative right now .
I added a bit early in this downtrend but if it does indeed drop below $33 I will definitely jump in for at least a quick trade, and get the dividend as well.
As for $70 SP, I'd have to exit for a better dividend yield if this drops below 4.5%. Maybe not all at once of course.
SargeX wrote: I'm not sure about that. Morningstar is pretty accurate with its fair value calculatins and they have fair value at $35.41.
My wife & I are in for the long term but I think this correction isn't quite done yet. I suspect we'll see between $32 and 33 before it's all said and done.
Ciao
Sarge
canadian wrote: Payout ratio around 40%. CFPS is around 5$. Expected to grow to around 7$ by end of 2023. It should be trading at least 70$. Let it stay lower longer so that I can add more every month. How dumb are investors?