Q: Hi 5i, I'd like to bring my position in TD to a full weight, and was wondering what your crystal ball shows as a floor. I'm thinking the weak hands will wash themselves of their holdings soon.
Looking at their 10 year CAGR [divi+growth] of approx 10%, a stock yielding 5% with a
5yr DGR of approx 8%, what could go wrong?
Thx
Looking at their 10 year CAGR [divi+growth] of approx 10%, a stock yielding 5% with a
5yr DGR of approx 8%, what could go wrong?
Thx
5i Research Answer:
Momentum and sentiment could take it lower, but we think it is buyable today, in increments. The news is now out and uncertainty is less. In addition, this has been discussed for months already, and the penalites are close to what was expected. The bank has already set aside provisions for the fine.