Mullen Group Ltd. T.MTL

M. Mullen, exhausted of portfolio mgr and being comparedTFII

[ValueBets]

Being ignored in relation to a benchmark with TFII is nuts. Congradulation to Mr. Mullen for giving up. He said it on Q2 conference call, even with solids buybacks, institutionnal dont support a decent valuation.

Even if, in theory, he should be buying back the stock, he is shifting its efforts to the small holder who value dividends.

I agree at some point, I don't see the love story for TFII getting to an end even with this crazy valuation compare to MTL. Lets focus on individual investors who will look for great dividends stocks as the rates goes down.

They own lots of their real estate, they are diversified, they can pay high dividends and growth it over time through tuck-ins acquisitions. This stock is worth 25$ in 3-4 years.

[Windsorman]

I made the mistake of selling on open before hearing Conference call. When oil price dropped I mistakenly thought Mullen Group would drop with lower oil prices. Obviously it didn't. Buying in again. Rebuilding in Alberta will require a lot of demand. I'll buy more if it drops. 6% yield looks good these days. GLTA 

[ValueBets]

These unloved stocks gets into our heads at some points and brings so much doubts I can really relate to your reaction (windsorman). Buying it back a this great price is great, letting the ego aside (our worse hidden enemy, at least mine). Today 6% yield is good, I hope in 2 years a 4% dividend is going to be good. This brings MTL to 21$ with no dividends increase. Adding up for 2 years montly