RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Results OutJayBanks wrote:
scarface9 wrote:
No problem. I ended up buying SPB and they announced a PP right after I did. I couldn't have timed that any worse. Oh well, I'm in for the long term but it'd have been nice to have gotten in cheaper tomorrow.
SPB is a more stable company I'd feel comfort in, I've had and have a couple of those and this has been in and outta my radar but I've always tended to be looking at it when it's making noise in its highs.
I put it on par with KPT, FC, RUS, RSI, BRE ect and most REITs, the dividends are regular and not much happens to alter them despite noise going on within them from time to time. (I own FC, BRE and RUS looking to exit near tops). I think they are good easy medium term investments especially if you can get in on a low and exit on a high which are difficult to get sometimes both ways, and this wasn't my thoughts on them for a long time and when I've jumped in things like this I seen them as buy and hold forever.
I did get FC on the Covid pullback so I'm getting 8.5% yeild rather than the regular 6.5 area along with a yearly special which was underwhelming this year and I've gotten about 40% price gain also, but I've realized they don't seem interested in moving the dividend up and therefore its potential seems capped so I'm looking to exit when it peaks again. RUS I've owned for years and have a 40% gain on currently and I know I can get anouther 10+% out of, to go with my 6.3% yeild, but when I bought I expected it to grow most years, but for about 8 years it's stayed flat and I've missed more advantageous times to add because I've had a little spite for it when I know it's a solid buisness. I'm gonna exit when it peaks again unless they go back to a growth model which it may do as last year it bought a significant US division and did some own restructuring. It's likely I exit and then they hike the dividend again. I've just jumped back into BRE but it's more with the idea I'm gonna get paid 8.7% and exit when it hits over 19 again. I was in them as a short term play during Covid at a lower price, but I sold out on them after getting a dividend and favoured FC as I thought it had more potential for upward movements and specials. I haven't backtested it but on quick estimate I think both choices had pretty much the same results.
I feel these are solid investments for either solidifying your portfolio with some base stocks early and for those more risk adverse or needling income. I've moved my interests away from them as I'm looking for more dividend and price growers as I'm middle aged and looking to combat inflation while I produce my secondary cash flow. That said if the yeild I'm paying for is high enough I'm interested, but at one time it was 5.5%+ now it's more 8%+ and I've found a few players in that high region, and I felt this WBE may turn into one that might even have current growth upside as a not yet mature company.
It's fun to see all the names out there for hunting when your after different goals.
Do you ever hold a core position and just sell some for profits, or you always fully exit when you sell?
You ever buy preferred shares? There's a couple good yielders out there if your after 8%.
SPB has a big growth through aquisition plan (buy $250 per year through 2026). Plus Brookfield is involved, so I decided to roll the dice and go along for the ride.
I used to own RSI many years ago, was on my radar but it's risen and is out my min yield now.
I've stayed away from mortgage company shares, though I had bid for TF recently.