|WATCH||$39.280||CAUTIOUSLY OPTIMISTIC||CANADIAN LARGE||Yes|
Trading at 42X current earnings. If he were to see it go a few dollars over $40 again, he would be tempted to take profits. What bothers him is that they don’t earn their dividend. In order to pay for it, they really depend upon a huge uptake in their DRIP plan where shareholders are diluting themselves to get the yield. Extremely good land position but have been issuing equity to purchase this.