TSX:BEI.UN - Post by User
Comment by
malx1on Aug 16, 2022 1:36pm
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Post# 34899885
RE:BEI lurkers looking for Alberta exposure with income
RE:BEI lurkers looking for Alberta exposure with incomemalx1 wrote: Gamehost has a 2-decade history of paying generous dividends pre-covid.
With omicron wave now rolling over aggressively, I believe GH is positioned to start paying its dividend within 9 months.
Buy shares now below $8 and thank me a year from now when they are $10.
Here's a recent comment from Acumen Capital's analyst:
https://www.stockwatch.com/News/Item/Z-C!GH-3195876/C/GH
Globe says Gamehost one of Acumen's "Dark Horse Picks"
2022-01-18 08:11 ET - In the News
The Globe and Mail reports in its Tuesday edition that Gamehost ($7.26) is one of Acumen Capital's top five 2022 "Dark Horse Picks."
The Globe's David Leeder writes in the Eye On Equities column that Acumen says the list was built from a "collection of names that have either lost a surprising amount of investor conviction or remain under the radar." Acumen says Gamehost "could surprise to the upside in 2022." Acumen gave Gamehost a "buy" recommendation and an $11 share target, matching the consensus. Acumen says in a note, "On the back of proactive steps taken during the pandemic to improve the business coupled with a booming Alberta economy we believe Gamehost is well positioned for strong free cash flow generation and the re-establishment of the dividend in 2022." The Globe reported on March 19, 2020, that Acumen analyst Trevor Reynolds had lowered his rating for Gamehost to "hold" from "buy," in reaction to the temporary closure of its three casinos in Alberta and suspension of its dividend due to the impact of COVID-19. In the item Mr. Reynolds cut his share target to $6.50 from $10, which was then the current consensus. Gamehost shares were then going for $3.19.
Great call!!
More accurate than BNN