AAV. valueminded> They have cut the dividend(distribution), and the stock trades on the high dividend yield (imo). I don't have any other Canroys that I know that have cut, so AAV seems unusual to me, and the suspicion-and-danger meter lights up.
After the dividend cut of last year, I waited to see if further AAV bad news was forthcoming. None that I see. See some disgruntled AAV posters on Yahoo though.
Looks like one or more others here also have this stock, but as part of a package of Canroys they hold. That's me as well.
For me with this one, okay maybe for a small bet, but only a small bet at this time.
Edit: Correction: holding couple of driller/service Canadian trusts (different from AAV which is an oil/gasser), and they have cut their distributions too, e.g. PDS. Not sure whether such stocks are correctly called Canroys, although they are trusts and taxed similiarly to AAV, others. Afaik.
I have expected these service stocks to possibly cut as gas drilling/servicing has slowed in Canada. I've not expected "regular" Canroys to cut. Just based on an uninformed opinion. A guess. No facts.
And I've been wrong many, many times. |
