North American Financial 15 Split Corp T.FFN

Long way to go

[petebrown1963]

If you look at 2020, FFN declined all year to a trough of $2.50, even as US and Canadian financials slowly appreciated. We are headed into recession at some point here, which will result in the share prices of financials declining further.

[Sanderz]

That is excellent though, people who get in now will receive quite a high return (33%-ish yield), that's phenomenal

[EdPaquette]

Its only phenomenal IF IF IF IT EVER PAYS. It may go to way of FTU.

[Sanderz]

When I look at the distribution history, it seemed to have paid most of the time, more often than not.  Maybe that trend will continue, even if the last couple of months there was no distribution for the Class A shares.  I'm no expert here at all though. 

[pjn0987654321]

My understanding is that rising interest rates are supposed to be good for financials.  What's good for financials should be good for FFN. 

[mdoldon]

Of course it is phenomenal if/when it starts paying again.  But it's a meaningless number when you have no idea how long you will get ZERO return.  You just can't know.  It's really not a lot different than buying any penny stock in hopes that it rises in price.

[JohnWalker]

US and Canadian Banks are not exactly penny stocks. It might take 3-4 months to start rising again, it might take a year or it might take 4-5 years ... who knows? But banks will recover at some point. When they do, you have the double win with capital gains and high yield dividends. Of course, that being said, it's probably a bit too early to back up the truck and start loading up. It's