Q: At what price point would you be a buyer of TD for a long term hold? And do you think given the current difficulties, the dividend will hold/grow?
5i Research Answer:
We thought that investors might look beyond this quarter considering a new CEO is coming and fines are behind it now. With negative momentum it is possible shares break their prior 52-week low. So we would be more interested in the $73 range. TD raised its dividend today. We would not see the dividend as being in jeopardy.