RE:Cautiously Optimistic
Albatross wrote: Just thought I would share that at this price point I'm now diversifying into other stocks. I've been grossly overweight in PPL (almost all of my portfolio) and while I'm still optimistic I recognize the need to have some more balance. Buying BIP.UN and AC (Air Canada)
PPL was my 3rd largest weighting in my portfolio with my top 3 having a wide margin for several years. Recently I've been re adjusting my accounts as I seen some opportunities I wanted to jump into with good upside, the past few weeks I added to CNR and CJ when they were low and started a solid position of AEM and am up 8% on my new shares in a very short period. PPL is now my 4th largest holding and could easily be 6th depending on the day and has potential to be 7th medium term if my expectations come close to happening.
Currently PPL is my 3rd largest dividend income, but will be 4th when CJ reinstates its payout in a few months. It is also 13th place for my yeild on cost, but this is because I have several small positions in higher risk high yeilders, PPL was one of the reasons I felt able to take these risks. I own positions in 25 companies but a few are short term play money positions.
This is really only semi-interesting to mention here because when I freed up the funds I could have added to my PPL position but I'm not that confident we are going to get to where I feel we should be, let alone feel confident management will grow my investment returns beyond the currently sable dividend. I still have a couple more portfolio moves to make with decent size positions, but PPL is not even on my short list to add to
I still like my position and the company, I'd just like to see some results show up and hear more about how the growth plans will help the company going forward as I'm not in the camp that feel we don't have growth coming as we do have several projects active, I just don't know how much value they will add when in service.