RE:RE:RE:Start questioning your holding…"I'm just not sure who will be paying $3.40 for this stock" That will depend on the continued strength of the overall market. The ones who will likely pay $3.40 are probably not the ones who bought in the mid $2's. Two different investor minds, one is the bottom fisher, the contrarian buying mid $2's or lower when the economic hard landing scenario was crowding headlines.
The laggard or lower risk investor will buy at these levels and higher. As rates fall and GIC, HISA money begins to turn stale, these "safe" sideline investors will look to the next level of "safe". DIV is as boring and safe as you can get for any income seeker looking for yield beyond the former mentioned avenues.
BlueJay2020 wrote: So you're looking at a potential 15% capital appreciation, plus the divi. That's pretty good if it all pans out. Also a rick of a similar level of capital downside given the historical trading range of this stock. I currently own 24000 at $2.62 average. However, I can get the same distribution and potential larger upside in a much larger company like BCE, which has so many more levers to pull and actually has control of its businesses.
I'm just not sure who will be paying $3.40 for this stock. I imagine many potential buyers are existing holders who know the inherent limitations of the stock and refuse to overpay.