Always easier to travel with the wind at your back.
Been a long time, almost a decade, since we've had the wind at our backs as GH shareholders.
I do reflect back on the days when Kasking held most of the shares, we are talking 2003-2006.
If I wanted to buy at $22, he'd offer shares at $24.
When I bid $24, he'd offer a few at $27.
That was status quo.
No complaints.
Smart 'investors' don't mind paying a little extra for shares in a bull market.
We're in the early stages of a bull run for all things Alberta.
Still a little turbulence, we are also in a recession.
Other side of this recession,
There's a boom waiting.
That's how the market works, when times are tough there's plenty of shares for sale; but when the wind is at your back, nobody wants to cash in.
Well, you hang around long enough through the downturns, the broken clock eventually gets it right.
There's better days today and plenty more lingering on the horizon.
How many and how much?
That's up to the individual and their personal forecasts for AB's economy the coming years.
Dividend Hikes They started with $0.03/mo as we exited the fog.
2023 got the 33% increase to $0.04/mo. Nice.
It's not over.
If the company stays on its current path, even at a slower trajectory, there's room for 2 more hikes; might be room for a Bonus Round, yes, the elusive 3rd hike! I know, I know; the doubters in the back are telling me to take a hike. But it seems they are not looking closely at the strength of the business fundamentals post-pandemic.
When's the best time to close your doors for renovations ?
NEVER
When's the best time to buy your shares?
When they are cheap and available
When might we see an increase back to Kasking's Bonus Round levels?
When net debt is around $30mm, forward EBITDA is is around $40mm, when Buybacks are done
Call me crazy, but I see a scenario for GH to pay each shareholder $0.84/yr, or, $0.07mo.
The next 24 months may just provide the right economic environment for GH to hike from 4 to 5,then 5 to 6, and maybe, just maybe, from 6 to 7.
And that's the new Bonus Round - Kasking's LUCKY 7's
Expanded reels, extra spins,
From standard 5 rows across to the 12-ROW BONANZA.
$0.07's x 12 - owning these shares may start to feel like you've hit the Bonus Round every month!
It's possible within the next 24-36mo.
That broken clock is eventually right twice a day, that broken record keeps repeating the same old song.
Get in early, then:
"Hurry up and Wait"
They don't teach this stuff in school, you gotta figure it out yourself.
They don't chat GH on BNN, you've gotta find it yourself.
Hide the shares in a TFSA, compound dividends!