Q: Down from lyr H $55.74.Did a BD at $52.25 in June.While BOC pause yesterday,it spreaded fear of higher rate. Add,Hold or Sell?.Please comment.Txs for U usual great services & views
5i Research Answer:
EIF is cheap, and has a good history of dividend growth. It has survived economic disruptions (and Covid) well. Recent EBITDA guidance was a bit disappointing, but its payout ratio remains close to historical best levels. We would be comfortable buying/adding for income.