RE:RE:RE:The Shorts will pile into thisHey BSD
Good stuff on your TD. There sure is an incredible amount of negative TD sentiment out there, which is always a good sign that it si a good buying opportunity for any big blue chipper.
Interesting on the BNS sell. I'm in the buying mode now with the Monday bump down and we just added another 195 shares at $77.44 ($15,1k) this week. I also plan on using some of our TFSA money on Jan 2 for more BNS. I really like the new CEO and his approach to things.
We're also planning on adding more TD on Jan 2. As you said, there doesn't seem to be much to buy in these markets but T, TD, and BNS are on our list. I'm also waiting for BCE to get through tax loss sellig season and to bottom out and then we'll probably add to our current position.
As far as EMA goes, I sort of doubt it will do anything close to what CPX's price did but I think it will be steady eddy. Their Florida assets are fantastic but their Nova Scotia stuff is so-so. I still really like it and since Oct 3, we have added 810 shares at $51.72 ($41.9k).
We used to be big on REITs, especially industrial REITs but we went from holding between 7 and 10 REITs up until 2020 and then slowly wound down to just GRT.UN, DIR.UN, and NWH.UN in 2022 and then sold the last of our DIR in 2023. We did really well with REITs over the years (especially with take-overs) but I didn't like the lack of distribtuion inccreases and even decreases.
Anyway, all th best as always
Sarge
BSdetector2016 wrote: Hi Sarge,
I too bought some more TD. My motto is to buy banks when they are down whilst trimming the current out-performer (for me that was BNS). They always make money so it's just a waiting game and in a few years all will be forgiven at TD. Masrani needs to exit stage left and the BoD needs some reinforcement.
I warmed to EMA thanks to an investing friend's input and several hours looking at charts. I think that they could potentially repeat CPX's success with their Florida business. It's early days for EMA. My ACB was too high and it had its head in the noose earlier this week before I relented and added to my position.
In these frothy markets you sure need to pay attention to what is down and why. There aren't many bargains when it's an everything UP market.
I still like Industrial REITs, which are out of favour and probably tarred a bit with the same brush as Office REITs. They pay good distributions and, in a declining interest rate environment, should appreciate in 2025.
Cheers,
BSD
SargeX wrote: Hey BSD
Totally agree unless soemthing is brewing with a potentail take-over. (now that would be one sad day!!)
I had recenty said that we were not going to trim but this has gotten so ridiculous that I decided to trim 12% of what we had (including some more this mornng). Took a nice little profit of $31.2k and used the dough to add to T, BNS, & TD.
As an aside, even wwith the trimmming, CPX is still our largest holding (amazing)
I saw a post that sounded like you had warmed up to EMA - nice to see.
Take her easy
Sarge
BSdetector2016 wrote: Run-up NOT justified.