RE:IS THIS COMPANY ON SALE OR NOTI wouldn't say it was particularly on sale, in terms of a screaming buy. On the other hand, if you feel interest rates are at or close to their peak, then it makes sense to build a fullish position now rather than later because later will be too late. This is what I've done - holding 20,000 at average of $2.57. The floor seems to be around $2,40 at a guess, but that's not based on any technical analysis on my part.
At the other end, the stock has struggled to sustain a level over $3 for quite a while now, so expectations need to be tempered. This makes sense when you consider almost all the free cash flow is distributed out.
Still, even if the SP inches up 2-3 per cent a year, then then the total return is close to 13% p.a. and I am quite happy with that (although I do accept that you can get not much less by holding an Enbridge, Bell or TRP with a much bigger market cap) Personally, I am very bullish on Mr Lube and I think that has the potential to help DIV sustain a run over $3 at last.