October 2018 – Watch list / 1 Sale

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16 Responses

  1. Earl says:

    Hi Rob
    I’m taking a gamble on CJR.b with hopes that it will recover, what are your thoughts?

    • Rob says:

      hey Earl

      nice! I was actually thinking of doing the same, but the stock has already ran up a bit the last week or 2.

      I think its still cheap and maybe after earnings, people will see how much cashflow they have after that dividend cut.

      I dont feel like adding to them after that but do think the stock is cheap. Just trying to focus a little more on dividend growth stocks vs beaten down stocks.

      Under 4 bucks I may rethink that though!

      cheers Earl.

  2. PCI –

    Thanks for sharing and interesting on Manulife. Further, BNS is always up there, can’t go wrong!


    • Rob says:

      hey Lanny

      yeah its becoming pretty predictable. I swear when I get enough to drip them there will be something else…. haha!

      Manulife will be interesting to watch from the sidelines…


  3. DivvyDad says:

    Happy Thanksgiving to you PCI, and quite a nice list of things to be thankful for this year!

    It will be interesting to see how that shakes out for Manulife, and I cannot fault the logic behind your decision to take your profits now and watch to see what happens. I’m not overly familiar with the stocks on your watch list but it looks like you might have some good buying opportunities!
    DivvyDad recently posted…Recent Buy :: Snap-on IncorporatedMy Profile

    • Rob says:

      hey Dd

      Thanks alot, it was a great weekend.

      It will be interesting to see what happens if the policy is as clearly written as he states. I really dont think Manulife would go bankrupt but they might be ordered to pay the plaintiff a very large sum to throw the document away.

      cheers man

  4. That sucks about Manulife. I use to own them a few years ago.

    Stuff on my watchlist: RY, BNS, BEP.UN, TD, QSR

    I do not have any money to invest right now, but I keep an eye on these stocks from time to time.

    • Rob says:

      hey Pursuit

      Yeah for sure but may create another cheap entry point. I originally bought manulife for like 16-17 bucks.

      That is a solid list and I have thought of bep as well. That may be next month if rates rise (as i believe they will)

      Cant always have money, things come up. In sure you will be buying soon enough.

      cheers man

  5. Happy Thanksgiving! Those tacos look very delicious!! Good call for selling Manulife, especially for locking those gains. I think the stock will be cheaper due to short seller pressure, but eventually things will settle. I doubt our court will rule against Manulife or destroy it. I remember a few years ago this stock was on my watchlist for under $17 per share. If it gets back to that level I will be buying it.

    I like your picks for October, but the ex-dividend dates for banks have just passed. So if you but more banks in October, you won’t receive the dividends until next year. I would buy IPL or DRG and then the banks in December, not to miss the monthly dividends. But it’s up to you, bro!
    Dividend Income Stocks recently posted…Portfolio Value Update – September 2018My Profile

    • Rob says:

      haha so true German.

      It has actually made me debate adding to my national bank position, to get the dividend next month. Its p/e is lower than bns and i eventually wanna get them dripping as well.

      If the bank of canada raises the rates this month those reits and ipl should be cheaper next month, while the banks should profit from that so im torn.

      I actually bought manulife back then and am hoping its history repeating itself. Ill wait for the court verdict though just to see what happens.
      Like you said i doubt they will go bankrupt but they may get hit with a big financial penalty.

      cheers German.

  6. Hey Rob. Another great post. Glad you enjoyed Thanksgiving with your family. I finally bit the bullet and bought 51 shares of BNS @ $59.04 per share. Quality company at a good price. Looking forward to your next solar update as we head into fall and winter.

    • Rob says:

      hey Fireman

      Dam sweet man! That is a hell of a buy. Wish i had stacks to make purchases like that. Very nice.

      Its dipped a bit more recently and i keep debating buy but with no ex dividend date in sight im in no rush.

      Anyways just awesome man. keep it up!

  7. Happy Thanksgiving and NHL season!

    I’m going to keep an eye on Manulife. If it continues to drop, might be a good time to dip my toe in.

    Regarding your watchlist, I’d lean towards BNS.

    Go Jets Go!
    Jordan @ MoneyMaaster.com recently posted…A Sell, A Buy & some debt eliminationMy Profile

    • Rob says:

      haha hey man

      Yeah the season has been good so far, we need Anderson to get into prime shape already but that will happen in dec/jan. Until then its the Tavares, Matthews, Marner show!

      Manulife could create a nice buying opportunity but this dip lately, has created tonnes.

      cheers Man!

      Go leafs

  8. caroline says:

    I am holding on to my Manulife for now. We will see what happens.
    I am closely watching Square, more volatile stock but may be some nice gains to be made.

    • Rob says:

      hey Caroline

      Square is a interesting one. Dont see many people interested in that but from a business perspective its a great product!


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