Q: Dear 5i team.
Since my Q on SPB 6/24, a few key things have changed.
1) can you discuss the key Corp.changes (cut to divi being the most significant) and possible impact to their balance sheet?
2) Has anything changed with regards to Brookfield ownership?
3) What is your ouotlook for the SP given answers above. Looking at the 1 yr chart, it's gone from 10 to 6 so a 50% fib. retracement implies a move back to 8. (That's my back of the napkin assesment.)
I'd like to bring this to a full position, but wanted your commentry first.
Many thanks for your help.
Since my Q on SPB 6/24, a few key things have changed.
1) can you discuss the key Corp.changes (cut to divi being the most significant) and possible impact to their balance sheet?
2) Has anything changed with regards to Brookfield ownership?
3) What is your ouotlook for the SP given answers above. Looking at the 1 yr chart, it's gone from 10 to 6 so a 50% fib. retracement implies a move back to 8. (That's my back of the napkin assesment.)
I'd like to bring this to a full position, but wanted your commentry first.
Many thanks for your help.
5i Research Answer:
1) The dividend was cut 75%, but even so the yield is still 2.94% as the stock is down 4% YTD....