Investing Idea - Dividend Growth

alanbrenton wrote: ↑ Start trading cryptocurrencies to be a true disciple.

georvu wrote: ↑ Right now above my knowledge level

But perhaps Wealthsimple Crypto??

georvu wrote: ↑ Right now above my knowledge level

But perhaps Wealthsimple Crypto??

thetipster wrote: ↑ If I ever invest in crypto, it will be through wealthsimple or I'll just buy some QBTC

Raela wrote: ↑ QBTC mirrors the actual bitcoin pricing pretty well?

thetipster wrote: ↑ I would think so, but don't take my word for it.
Here's their site, read their prospectus.
https://3iq.ca/the-bitcoin-fund/

And as said above... this is Off topic so let's move discussion of Bitcoin to the appropriate thread.

Chance7652 wrote: ↑ Thanks for your analysis on utilties @rodbarc . I'm very bullish on utilities in the long term and own about half of these names.

For discussion, I'd like to run this by you for CU. I've been quite disappointed in CU since buying it in 2017 and their recent 1% dividend raise adds to that. I've traded in and out of it but it looks like my IRR has been around 5-6%. CU looks like a great buy from FFO but in looking at the earnings its 0.77% yearly growth over the last 10 years. Its a current hold for me with a 1/2 position but the thesis of why I bought it (yield + dividend growth) is almost broken. The 1% dividend raise also shows a company struggling to grow and I don't like how they dropped from 10% raises to 1% in 3 years. My question is how do you weigh looking at FFO vs PE for CU and utilities in general?

As for AQN I think part of the reason for the dividend cut was the conversion from an income trust. I own a 3x position in AQN but think they're overvalued now and wouldn't buy them currently. I look at them on fastgraphs from their US listing as they're about 95% US revenues which looks slightly better. Agreed that CPX is more risky as its all power generation and they have price risk. I'm thinking they may trade at higher multiple in the future as they're about 25% renewables. I'm suspecting renewables will be a big focus for their growth strategy and think people will start to look at the company more positively as this happens and also when they get completely out of coal.

Chance7652 wrote: ↑ Thanks for your analysis on utilties @rodbarc . I'm very bullish on utilities in the long term and own about half of these names.

For discussion, I'd like to run this by you for CU. I've been quite disappointed in CU since buying it in 2017 and their recent 1% dividend raise adds to that. I've traded in and out of it but it looks like my IRR has been around 5-6%. CU looks like a great buy from FFO but in looking at the earnings its 0.77% yearly growth over the last 10 years. Its a current hold for me with a 1/2 position but the thesis of why I bought it (yield + dividend growth) is almost broken. The 1% dividend raise also shows a company struggling to grow and I don't like how they dropped from 10% raises to 1% in 3 years. My question is how do you weigh looking at FFO vs PE for CU and utilities in general?

As for AQN I think part of the reason for the dividend cut was the conversion from an income trust. I own a 3x position in AQN but think they're overvalued now and wouldn't buy them currently. I look at them on fastgraphs from their US listing as they're about 95% US revenues which looks slightly better. Agreed that CPX is more risky as its all power generation and they have price risk. I'm thinking they may trade at higher multiple in the future as they're about 25% renewables. I'm suspecting renewables will be a big focus for their growth strategy and think people will start to look at the company more positively as this happens and also when they get completely out of coal.

Lavaris1 wrote: ↑ Riocan cut its dividend by 33%
Is it still good to hold ?

thetipster wrote: ↑ Wow, I'm shocked the stock did not go down on this news. Why not continue to hold?

charliebrown wrote: ↑ It did drop when the cut was announced in Dec 2020

https://www.globenewswire.com/news-rele ... lders.html

FWIW, First Capital REIT also cut distribution and its share price didn’t drop as much after the announcement (basically back to mid $14 after briefly going below $14)

thetipster wrote: ↑ If I ever invest in crypto, it will be through wealthsimple or I'll just buy some QBTC

stillmatic11 wrote: ↑ Wealthsimple is pretty much the worst option IMO. You can only deposit/withdraw in CAD meaning you don't own the actual asset and can't move it around as you wish. It's also 150 bps for buying/selling which isn't great.

At least with something like QBTC, you get the benefit of not paying any potential capital gains taxes if you use your TFSA. There is a price premium over buying actual Bitcoin, but the tax savings could end up quite significant if you ever decide to cash out.

EuRaFree wrote: ↑ Except I don't think that CRA will allow to hold it in a registered account.

rodbarc wrote: ↑ QBTC is eligible for all registered accounts in Canada.
Rod

rodbarc wrote: ↑ Hi folks! I posted an update to my Canadian DGI watchlist for 2021. Review for my US watchlist will be next.

Happy Investing!!


Rod

hellohello wrote: ↑ Hi Rod,

I hope all is well.

How is your US watchlist review coming along? I am waiting with baited breath.

Thx

llpresident wrote: ↑ CNR reported after hours. They beat Q4 earnings and revenues, but not by much. They reinstated full year guidance but indicated they are cautious about Q1. They are forecasting single digit EPS growth in 2021. They raised the dividend by 7%.

The stock is down about 4% after hours. Given that it also traded down by about 1% today, this is a roughly 5% discount. It should open tomorrow around $130/share. Any thoughts on the valuation? This stock has been chronically overvalued and I have wanted to own it. I was looking for <$125, but that may or may not be realistic.