Might as well go with TD, Better upside and higher divy with the bank.
bossu wrote: Most of ALA revenues are in US and the report in Canadian $
At ,74 the factor is now X 1,35 while it was not so long ago X 1,26
Of course Q3 is the weakest in revenue but the share price has a nice showing and increase revenue in the Q4 combine with a weaker Cn $ ALA share price should be back at $ 30 or more even with a mild Recession !
Note with hypothetical number :
$ US 5, 0 B revenue with the actual exchange rate at 0,74..= $ 6,75 B
and $ US 5,0 B........................................................at 0,79 = $ 6,30 B
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Bottom line + $ 45 M
The old man is still ''in''with a modest anount and see a better overall yield than a 3 years ''locked'' CPG at 4,4 %