TSX:AD.DB.A - Post by User
Comment by
HermannHalleron Mar 11, 2022 5:24pm
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Post# 34508071
RE:Scotia-At this point I'll take the fvcking $21 target c'mon
RE:Scotia-At this point I'll take the fvcking $21 target c'monI think I see why now they have been so conservative (wrong). Their valuation is based on looking at the 3-year average multiple on the stock. Of course the past 3-years were dominated by the pandemic scare and the huge volatility in the market. They should take the multiple where it traded pre-pandemic, then, considering that the coverage ratio and payout has improved, use an appropriate multiple looking forward. Unless they are expecting another pandemic.