Most oversold dividend stocks right now?
Just looking to get some peoples opinions on what they think is oversold. Enb, maybe corus, any others?
Dec 5th, 2017 1:34 pm
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They say the audit could cost more than their annual earnings in shady mortgage buybacks. I may still be interested if it goes low enough, but it hasn't even tested its summer low yet. I certainly would not call it oversold after such a small sell off. I'm also a bit doubtful when a company tells me that as many as 5% of its mortgages might be fraudulent, but definitely nothing shady was going on. No sir. No improper practices here.Ismellofhockey wrote: ↑ LB just dropped nearly 8% and might continue to drop for a couple days. If you have strong risk tolerance, it could be a good time to buy. They are a major Canadian bank, just increased their dividend, and their own audit brought the mortgage issue to light so it doesn't seem to have been intentionally shady. Other than the mortgage issue, the ER was pretty strong. I don't own the stock and I don't have much experience in investing.
Dec 6th, 2017 12:08 am
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Dec 6th, 2017 6:53 am
CBC tells meIsmellofhockey wrote: ↑ It's not 5% of all its mortgages, is it? I understood that it was 5% of the mortgages it sold off to a particular third party. As for summer lows, the news has only had an impact on half a session so far. Tomorrow may drag the stock down to $51. Would you buy then? You'd be getting a bank that has grown profits quite a bit over the past two quarters since it last was at that price.
Dec 6th, 2017 9:58 am
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RiCHC3 wrote: ↑ Alaris Royalty (AD) is 8.89%
Altagas (ALA) is a bit over 7.55% and is somewhat capped by its purchase of WGL Holding in the US which is expected to be approved H1 next year. If you buy this, grab the subscription receipts which are cheaper than normal shares, still have the dividend, if the acquisition fails you get $31 a share, if it succeeds then you just converted to common shares at a discount.
Dec 7th, 2017 6:42 pm
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