Review of Leon's Furniture
SEP 03, 2021 - LNF announced a special dividend of $1.25 while reporting a solid quarter and the share price hit a new high. We are maintaining the rating at ‘B+’.
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Royal Bank of Canada (RY)
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Bank of Nova Scotia (The) (BNS)
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BCE Inc. (BCE)
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Sun Life Financial Inc. (SLF)
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TELUS Corporation (T)
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Fortis Inc. (FTS)
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Restaurant Brands International Inc. (QSR)
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Algonquin Power & Utilities Corp. (AQN)
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Transcontinental Inc. Class A Subordinate Voting Shares (TCL.A)
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Leon's Furniture Limited (LNF)
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Exchange Income Corporation (EIF)
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iShares S&P/TSX Canadian Preferred Share Index ETF (CPD)
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BMO Equal Weight REITs Index ETF (ZRE)
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Nutrien Ltd. (NTR)
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Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)
Q: In our unregistered, income account I recently sold LIF and have decided not to return to that stock after 30 days. Instead, planning to buy more of one or two of the existing stocks.
Since this is an income account, yield is important and also quite happy to see total account balance steadily increasing whilst tapping off the cash.
I need some help deciding which ones to add to, and have 3 criteria:
1. Best yield
2. Current portfolio weighting
3. Best value over next 5 to 10 years
1. From highest to lowest yield:
TCL.A, BCE, AQN, EIF, BNS, CPD, T, SLF, QSR, ZRE, RY, LNF, FTS, BEPC, NTR
2. From lowest to highest weighting:
ZRE, LNF, TCL.A, QSR, AQN, NTR, BEPC, SLF, CPD, T, BNS, EIF, BCE, RY, FTS
3. Can you please help me to rank these stocks from highest to lowest value / growth prospects, or if that is to big a task. Please recommend overall best 3 selections given my criteria.
Thanks,
Jim
Q: Can you please detail why leons reported negative free cash flow last quarter?
Read Answer Asked by Shanelle on June 10, 2022-
Sylogist Ltd. (SYZ)
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Restaurant Brands International Inc. (QSR)
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Algonquin Power & Utilities Corp. (AQN)
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Labrador Iron Ore Royalty Corporation (LIF)
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Transcontinental Inc. Class A Subordinate Voting Shares (TCL.A)
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Leon's Furniture Limited (LNF)
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Exchange Income Corporation (EIF)
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BMO Equal Weight REITs Index ETF (ZRE)
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Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)
Q: I have an unregistered account which we use to generate long term dividend income. There are currently 9 holdings in the red, and 9 still in the black.
I am debating whether or not to sell some of the losers to capture capital losses. Then, in 30 days reasses - either repurchase same or redirect cash elsewhere.
In order of biggest to smallest loser, based on $:
LIF, SYZ, LNF, QSR, TCL.A, ZRE, AQN, BEPC, EIF
In general, I'm quite happy with the performance of this account in this declining market environment. Although the capital has declined a bit, the income stream has been quite stable.
Question 1: Please comment on the merit of this idea. Lose one or two dividend payments now for sure versus banking a loss for future tax benefit sometime. (retired, no earned income)
Question 2: Would you consider any of the 9 names above unsuitable for this account?
Question 3: Which of these 9 names are most likely to have further to fall?