RE:RE:More outrageous analyst targets have appearedHi Sarge,
I'm doing great and you? I flushed my final tranche of AltaLicker at slightly above break-even not that long ago. It won't be long before pressure from the BoD and Cornhill force them into another dumb acquisition. "Growing" the company seems to be higher on the priority list than keeping shareholders happy. Anyway, I won't ever be back into that one.
Parkland was purchased as part of my dividend strategy. I still haven't figured out whether M&M was a good bolt-on or just another typical dumb acquisition. My current strategy with this one is to play its strong seasonality, collect a few more dividends, then exit. Barring more Covid and regardless of gas prices, people will be taking more vacations this year, so revenues from fuel sales should be very strong over the summer months. Like ALA they don't seem to know what they want to be when they grow-up, which is a good indication to me to plan an exit.
In addition to your sector favourites I would consider/add healthcare (not Canadian pot stocks) to the list. US healthcare is lucrative if you are a shareholder (not a patient) and there are different ways to play the sector. I will be adding more sleep at night stuff to my portfolio as I continue to shave profits off outsized mining stock positions.
Cheers,
BSD
SargeX wrote: Hey BS
How she go? Are you all out of ALA yet?
$50 is quite the target alright. I know it has gotten close to that in the past but I sure think management seem a tad confused on what they want to do.
We held a full position in PKI from Oct 2013 but sold most of it in late 2019. At the time, it had been very good to us but it no longer fit our investment strtegy (ie: wasn't in our 5 sectors - banks, utils, midstream, telcos, REITs). It was very fortunate timing but really was sure luck.
It sure is nowhere near as appealing as it used to be.
Take her easy
Sarge
BSdetector2016 wrote: The latest one is from TD for $50. The stock has been imploding since January 2021. What gives?