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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Parkland Fuel (PKI). I am just starting to take "ownership" of my portfolio and I hardly have financial analyst skills. However, I noticed the following about Parkland:
- it is trading near its 52 week high
- it had over $200 million in intangibles on its balance sheet
- its P/E ratio seems high and the forward P/E is less
- its dividend exceeds its profit. I don't really understand the theory of ignoring non-cash expenses in determining an appropriate distribution amount, unless the actual requirement for repair/replacement is less than the recorded distribution.

Am I being too cautious?
Read Answer Asked by Carl on May 25, 2012