Post by
SamV21 on Jun 29, 2024 2:35am
Telus dropped from 22.90 to 20.70 down 2.20
What are you cheering about ? it will drop more NOTHING HAS CHANGED , billions in debt , interest rates not going down soon and when they do it will be by much, buy under 20.00 , principle down to sit around and collect .39 cents , CEO collects more shares because the price is lower , maybe he saw the share price dropping and now he just got a 10% raise . 2.1 million . Keep cheering !
Comment by
AvInvestor on Jul 02, 2024 8:03am
Ok, for starters it's normal to have Billions in debt for a major utility company, it doesn't exist otherwise! Second, rates in Canada have already started going down and will continue to do so ( we don't have an economy like the US). Lastly, the dividend payout ratio is at 89%, which is safe for a utility.