Q: 1 is the 8% dividend currently safe.
2. What has bumped the stock in the last week?
3. I think I may wait for another pullback but I think you are favorable as a buyer for this asset.
Thanks
2. What has bumped the stock in the last week?
3. I think I may wait for another pullback but I think you are favorable as a buyer for this asset.
Thanks
5i Research Answer:
SOBO has only paid one dividend since its spin off. The company's business can be cyclical, and no dividend is entirely 'safe' but we would not expect a cut here. Trump has been talking about the Keystone XL pipeline, which SOBO was building before it was cancelled. The company says it has no interest but it has brought new attention to the stock. The stock also passed some technical levels. We would be comfortable owning SOBO.