Q: On the news "Element issues US$1.2 billion of rated ABS term notes through Chesapeake" the stock has dropped 38% (and halted)
CIBC just reiterated their $15 target price and said it is a buy and deal is good.
Would retail investors be selling out here? Am looking at buying here - dividend is now coming close to 5%
Also can you explain the use of the ABS term notes for the fleet management business. Thank You.
CIBC just reiterated their $15 target price and said it is a buy and deal is good.
Would retail investors be selling out here? Am looking at buying here - dividend is now coming close to 5%
Also can you explain the use of the ABS term notes for the fleet management business. Thank You.