Q: I know your not crazy about this stock,but looking at it from purely an income play the dividend has already been cut and its pays 7% and other than a couple very temporary blips its basically at an all time low(i know could still drop more)im just thinking i could possibly hold this company between 5.50 and 7.00 for a long time and collect a nice payout and who knows the canadian landscape of these types of companies is getting smaller every year,could be a take out candidate,could you tell me the payout ratio,new management any possible head or tail winds you see in the next couple of years possibly... THANKS
5i Research Answer:
Payout ratio (12 months) is 80%. The stock has been a value trap for some time, but there has...