Q: Good afternoon.
If you had to pick one - just one - Income stock right now what would your choice be?
Look forward to your answer.
Thanks.
If you had to pick one - just one - Income stock right now what would your choice be?
Look forward to your answer.
Thanks.
5i Research Answer:
For the purpose of attaining a strong yield combined with a fundamentally sound company and one that has future potential for capital appreciation, we would pick BNS. It now pays a yield of ~8.7%, is one of the largest banks in Canada, has geographically diversified operations, and is at a great price and valuation that we feel can offer investors limited downside potential and the possibility for valuation expansion.