TSX:BGI.UN - Post by User
Comment by
DemDemon Mar 15, 2023 12:53pm
591 Views
Post# 35340251
RE:Any ideas why?
RE:Any ideas why?This fund closely follows the book value ($4.79). Low debt 21.9%. However, the energy companies in its portfolio are all indebted. This is normal for these companies which require a lot of capital, but which generate a lot of practically guaranteed income (Hydro One). These debts are always worrying for individuals, especially when these companies often have to borrow at higher rates. However, these companies always have the option of returning the bill to consumers such as insurance companies. In short, today is a good day to buy, because all titles of this genre are biased. For my part, I bought 650 today, because I had little money available. 13% Miam! :)