Post by
Chefboy69 on Sep 16, 2022 6:52pm
one of my best holdings
I was buying this stock like crazy during the covid drop...and then they did a major acqusition steering them into the industrial segment...
now i DRIP in one acount and get divi paid in cash in my questrade account.
I think my yield on this is at 15%...maybe more
and it has held up very well in this bear market downturn
a core holding for me..I just keep compunding this
and it works
cheers
Comment by
SNAKEYBOY on Sep 16, 2022 8:46pm
Its doing better than other garbage reits, but stlll about 15%+ from its highs of $7.50. But yeah it could have easily sunk to $5.xx on this nasty downtrend!
Comment by
Chefboy69 on Sep 16, 2022 8:55pm
average cost in one account is 3.70 and 4.10 in another so i could care less about the 15%. REITS will come back with market..it may take another 6months...so that is why i DRIP
Comment by
SNAKEYBOY on Sep 16, 2022 10:05pm
Well yah if u bought for pennies during covid then really doesnt matter what it does now. The fear is in the fed keeps raising until something BREAKS. I.E. LEHMAN 2.0