I too am convinced this stock can only go higher but the recent downtrend wories me a litle.
This stock is owned by many mutual funds, is part of the TSE index, past dividends have been paid back, company is bying back it's own stock; what could one want more.
Old news but still:
INVESTING PRO'S PICKS
Betting on banks beats the market
Saturday, March 1, 1997
By Andrew Allentuck
Special to The Globe and Mail
To satisfy investors' demands for dividends and growth, John Kellett has to do a fine balancing act. In charge of the Royfund Dividend Fund and the nearly identical Royal Trust Growth and Income Fund, he has achieved one-year returns of 30.9 per cent and 30.2 per cent, respectively......Trilon Financial Corp. A (TFC.A--TSE, 52-week high $8.15, low $4.50, cost $5.86 yesterday's close $7.75).The holding company that owns London Insurance Group Inc., Royal LePage Ltd. and Gentra Inc., Trilon currently yields 3.8 per cent, a little above the payout for mature financial services companies. "I picked this stock a year ago. I like the outlook for commercial and residential real estate." Twelve-month target price: $9.50. |
